Nobody Wants to Invest in Small Tech

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Big Tech may be powering a bull market, but Silicon Valley start-ups aren't enjoying any trickle-down effects.

Venture capitalists are pulling back on megafunds, depriving start-ups of much-needed cash on the long road to an IPO. Meanwhile, investors are rapidly deboarding Cathie Wood's ARK Innovation ETF -- a fund still mostly dominated by pandemic-era tech firms like Roku and Zoom, whose impact can better be described as minor disturbances than outright disruption. We'll call them Mid Tech.

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Source Fool.com