Change is Coming
The third quarter of the year came to a close and the Silicon Valley economy continued to move forward – yet at somewhat of a slower pace. Job reports coming out indicate a slump in hiring as the unemployment rate climbed to 3.9 in August, the highest it has been year to date. During the third quarter of 2017 Silicon Valley start-ups raked in less funding in fewer deals. Total funding in the third quarter totaled $2.2 billion across 146 deals, down from $4.1 billion recorded in the second quarter, according to data from PricewaterhouseCoopers.