Startup Investors Cut Valuations Amid Tech Stock Rout, Dismal IPOs

The recent stock rout is rattling the multitrillion-dollar market for startups after a long run of record investments, nosebleed valuations and rapid-fire deal-making. Venture capitalists say a significant reset in investment behavior is beginning to take hold that is poised to reduce initial public offerings, leave some companies short of funding and crimp valuations.