Silicon Valley investors are getting pickier

Silicon Valley investors are getting pickier. "There are companies that everybody wants to invest in, and there are a large set of companies that almost nobody wants to invest in," sventure capitalist Keith Rabois of Khosla Ventures told the Wall Street Journal:

• Boom: "Venture-capital firms remain flush with cash: They raised $44 billion last year, the most since the dot-com boom."
• Bust: "But investors are staying away from scores of initially well-funded startups that once looked like relatively safe bets, forcing these companies to fight for survival as they burn through their stockpiles of cash and scramble for new money or buyers."
• Why it matters: "'They're like the walking dead,' said David Cowan, a partner at Bessemer Venture Partners, who expects a steady stream of failures."