John Flynn flicks open a presentation deck that he recently showed investors at the annual meeting of Act Venture Capital. It contains a series of bullet points and graphs that Flynn, the managing partner of the 28-year-old firm, uses to illustrate a compelling story about technology investing globally in recent years. It is a story of lofty valuations followed by steep falls, where too much capital created red hot valuations and sky-high multiples. And, with investors moving to other asset classes, it is also a story of widespread selloffs of technology stocks. However, Flynn can see the positives in the…

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