Tech startup valuations may fall 5% a month

New York

VALUATIONS of closely held technology companies could decline by about 5 per cent a month in the next six to nine months, according to Anton Levy, managing director and head of global Internet and technology at General Atlantic.

"You're going to see a lot of failures. You're going to see a lot of writedowns," Mr Levy said on Friday at the Columbia Business School private equity and venture capital conference.