The pace for venture capital funding has slowed and deals that once took days to close now take months, but two prominent investors told a full house at Street Fight Summit West 2016 on Tuesday that it’s still an exciting time to be involved in local tech.

“I think about it more as what innovations are in the front half of their wave of development versus which things are now maturing, in the back end of the wave of investment,” said Hunter Walk, a partner at Homebrew VC, in conversation with Eric Feng, general partner at Kleiner, Perkins, Caufield & Byers and Street Fight’s David Hirschman.

Feng put a specific focus on millennials, noting the large size of this population with ample buying power, and said that they consume music, media, and services in ways that haven’t been fully addressed. Another trend that Feng has noticed is the rise of new interfaces, like conversational and speech.

“New interfaces are something we have been tracking for quite a while,” he said.

Walk is

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Source: Street Fight