Caution: Venture capitalists at work

We will look back on March 2018 as the time when Facebook lost $37 billion (€30.01 billion) from its valuation – as did the bluest of chips such as Apple, Netflix and Amazon. If confidence in established brands is falling, what does that mean for the unproven entities, such as the connected car? It didn’t help that March saw the first reported pedestrian fatality caused by an unmanned vehicle, as a driverless Uber mounted the pavement and hit a walker in Arizona. Potential investors in IoT for the automotive sector will be all too aware that a Tesla driver died in May 2016 while using the driver-assistance system.