Investors will wait to see full effect of "nasty economic realities" Professional money managers have cash to put to work investing in tech startups, but they won't be willing to do that until private-company valuations have fully priced in the ongoing financial crisis. That was one of the main takeaways from a meeting of bankers, VCs, attorneys and others who keep a close eye on the private equity landscape.The AlwaysOn event gathered the top 2008 deal makers in tech and asked them to discuss the state of private investing right now. The general mood was upbeat -- what you would expect from a room full of optimists -- peppered with a dose of reality in a world where VC firms and their limited partners are worth significantly less than they were ... [ Read more ]