And the recode story (http://recode.net/2015/07/17/cleaning-services-startup-homej...) which has a bit more clarity. Trying to fund raise a sharing economy business just after Uber gets a bad court decision on the employee/contractor question is hard. It is almost like having your company go back to being a 'seed round' level risk for some investors.

It also lends credibility to the 'not a bubble' discussions if stage C investors are showing restraint but that is a different discussion.