The VC vice: Why some in the industry see venture cash as a mixed blessing

The surge in venture investment has been a boon to real estate tech startups, nurturing hope that the industry can finally catch up to more technologically advanced sectors like finance. But some see the flood of venture cash as a mixed blessing.

For starters, raising millions of dollars early can make it harder to raise money later — that’s because the initial money can come with a high valuation that future investors may balk at.