Venture capitalists bet on public tech stocks as startup market stagnates

Venture capitalists are jumping onto the stock market, buying up battered shares in publicly traded tech companies at a time when they are investing less in the startups that have long been their focus.

Some big venture capital firms, including Accel and Lightspeed Venture Partners, have bought more shares of companies they first backed as startups this year, defying the industry norm of selling those shares shortly after IPOs.