Pitchbook just published their Q3 2023 quantitative perspectives on VC markets. The tl;dr of the report is that we are in a deep deep bear market right now. The IPO market is still largely frozen and Instacart, Klaviyo and ARM’s IPO performance is not exactly reassuring. According to the report, 2023 is on pace to be the slowest year for IPO exit value since 2009.
The best performing funds tend to be coming out of a recession. We are still slowly deploying caah, but are mostly waiting until QE starts again in 6-18 months.
Wow. That's some rough data.
The best performing funds tend to be coming out of a recession. We are still slowly deploying caah, but are mostly waiting until QE starts again in 6-18 months.