Tech companies lately have been hoarding cash, at least in part to arm them for potential acquisitions, according to Bob Blee, head of corporate finance at Silicon Valley Bank. At the same time, venture capital firms have plenty of dry powder, which gives them plenty of weaponry for investments.
In a wide-ranging interview about the state of finance in the tech market, Blee said that companies were conserving cash partly in response to a range of economic uncertainties, including the trade war with China, the direction of interest rates, and the election.
