With Silicon Valley playing host to several major acquisitions, and the tech sector addressing bubble questions, one prominent venture capitalist said companies are facing difficult questions from the "shocking" availability of late-stage capital.
Bill Gurley, a general partner at venture capital firm Benchmark—who sits on 10 boards including Uber, GrubHub, OpenTable and Zillow—said he finds it difficult to give advice to private companies looking to go public or sell themselves.
"It's difficult [to advise them] when the capital becomes this easy. And the late-stage capital availability has just been shocking to me for almost four years now," he said. "If your competitor is going to raise a bunch of money, then you have to make a decision, 'Am I going to get into that game or not?' Especially if there's a way that that money could be competed on the field, it's one of the more difficult decisions and difficult conversations you have."