As 2012 comes to a close, we asked several venture capital investors to reflect on the past year and give us their outlook for 2013. Next in our series is Jason Pressman, a managing director at Shasta Ventures.
Pressman speaks about the impact of the social graph–and the reality of the Series A crunch–on consumer startups, and how we’re only in the first inning of the enterprise migration to the cloud.
Looking back, how would you characterize 2012?
2012 was a good year for value creation by technology startups. We saw a robust IPO and M&A market for both consumer and enterprise companies. Perhaps more importantly, 2012 saw a tremendous amount of innovative new companies start to address massive shifts in technology including the explosion of mobile, the impact of the social graph on consumer businesses and the enterprise migration to the cloud.
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