After setting a feverish investing pace last year, venture capitalists took their foot off the gas in this year’s first quarter. At the same time, valuations largely continued to rise, a dynamic that is causing some investors to expect a price drop for startups this year.
Investors committed $144bn to startups globally in the first quarter, down 19% from the previous quarter, which is the largest percentage decline since the third quarter of 2012, according to analytics firm CB Insights. The number of deals completed also...
