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Nellie Bowles – Silicon Valley braces itself for a fall: ‘There’ll be a lot of blood’

A sharply dressed French investor is leaning against a doorway, arms folded and his expression slightly bemused. Philippe Suchet is considering the latest raft of hopeful new technology entrepreneurs that have presented at 500 Startups – a major hothouse for up-and-coming Silicon Valley talent. There’s no shortage of enthusiasm and ideas in the valley, but Suchet is sceptical. “Things have …