NEW YORK, Oct 25 — A few years ago, a big VC fund might have had about US$500 million (RM2 billion) to play with. Today, ‘big’ means well over US$1 billion.

VCs raised US$12 billion in the first quarter of 2016, which the industry’s trade group says marked a 10-year high.

Bloomberg Businessweek's Max Chafkin has more on ‘Bloomberg Markets’. — Bloomberg

Uber is a lower-risk, lower-return bet, but one that looks likely to pay off, Chafkin says. — Picture by Kuni Takahashi for The New York Times