For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Big Tech may be powering a bull market, but Silicon Valley start-ups aren't enjoying any trickle-down effects.

Venture capitalists are pulling back on megafunds, depriving start-ups of much-needed cash on the long road to an IPO. Meanwhile, investors are rapidly deboarding Cathie Wood's ARK Innovation ETF -- a fund still mostly dominated by pandemic-era tech firms like Roku and Zoom, whose impact can better be described as minor disturbances than outright disruption. We'll call them Mid Tech.

Continue reading

Source Fool.com