Are Startup Funds About to Deplete?

Another economic collapse might be on its way. And it could be bigger than the disaster of 2008.

That's according to Union Square Ventures partner Albert Wenger, who

on his blog at

. “Now I don't have a crystal ball,” Wenger wrote. “The markets might well bounce around quite a bit and there may not be a double dip recession. But we are never dealing in certainties here, only probabilities. And I believe that the probability of a dip that could be as big as 2008 or even bigger has gone up tremendously in the last few months. So if you are running a company that needs to do a venture round soon, I highly recommend that you get it done ASAP as opposed to optimizing for price.” Union Square Ventures has invested in a wide variety of startups, including Twitter, Zynga, Tumblr, SoundCloud, Meetup, Lending Club, Kickstarter, Etsy, and Disqus. As far as probabilities are concerned, Wenger provided

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