Car dealership retail tech still draws investor interest
Retail auto technology startups can count at least one thing in the months ahead, according to Daniel Hoffer: Venture capitalists are still pursuing investments and making deals.
That’s worth noting in the wake of the recent failure of Silicon Valley Bank, which used to support much of the innovation industry. Inflation and rising interest rates already had made access to capital more difficult, and some predict SVB’s collapse will make things worse.
But Hoffer, a managing director of Autotech Ventures in Menlo Park, Calif., insists venture capitalist investment continues to be business as usual.
“Neither auto tech nor any VCs…
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