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But these latecomers may have to accept lower valuations, he said.
Angels are still financing deals, but at lower valuations and with more specific milestones.
Meanwhile, works have left Spain because lower valuations here have convinced more families to auction abroad.
But a continuation of the recent rise in yields would bring much lower valuations by then.
Broadly speaking, European equities still trade at lower valuations than domestic or Japanese shares.
"Today there are lower valuations and lower expectations," said Jaimi Goodfriend, an analyst at First Analysis Securities in Chicago.
If those expectations come down, lower valuations may come to seem appropriate even after the recession ends.
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Morningstar Inc. pins a lower valuation on Barnes & Noble stock.
Cartesian had provided Oppenheimer with the lower valuation.
Investors will probably decide to attach a lower valuation to the company.
At $10 billion, Zynga is giving itself a lower valuation than some analysts had estimated.
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