WestCap, Backer of Splashy Startups, Marks Down Funds by a Fifth In Tech Rout

Laurence Tosi’s WestCap Management wrote down the combined value of its main investment funds by almost a fifth in the second quarter as prospects dim for Silicon Valley startups to swiftly generate windfalls.
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WestCap, Backer of Splashy Startups, Marks Down Funds by a Fifth In Tech Rout

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