sorry but i don’t think so... there are still a ton of companies that have yet to face the reality of their valuations being cut in half (or more) as a result of the current market environment / higher interest rates... and neither founders nor VCs are motivated to reduce valuations until they absolutely have to.
gradually these companies are running out of money, and will eventually have to accept either a down round, a not-so-amazing acquisition, or even a company shutdown.
these “real” mark-to-market events will have a humbling effect on 2020-21 valuations, and only after this happens will we really start to see a bottom.
my guess is we are still at least another 2-4 quarters from seeing a real bottom in the private market.
Yeah it’s very likely the activities we are seeing is AI related. Agreed that we are just seeing the start of the startup failures. Truth is a lot of the unicorn startups are worth nothing. There won’t be a secondary market and they will probably be liquidated at asset value.
sorry but i don’t think so... there are still a ton of companies that have yet to face the reality of their valuations being cut in half (or more) as a result of the current market environment / higher interest rates... and neither founders nor VCs are motivated to reduce valuations until they absolutely have to.
gradually these companies are running out of money, and will eventually have to accept either a down round, a not-so-amazing acquisition, or even a company shutdown.
these “real” mark-to-market events will have a humbling effect on 2020-21 valuations, and only after this happens will we really start to see a bottom.
my guess is we are still at least another 2-4 quarters from seeing a real bottom in the private market.
Yeah it’s very likely the activities we are seeing is AI related. Agreed that we are just seeing the start of the startup failures. Truth is a lot of the unicorn startups are worth nothing. There won’t be a secondary market and they will probably be liquidated at asset value.