💸What's happening now in PE-VC land
How institutional investors see private markets unfolding and what does it means for the rest of us
From KKR’s IPOs predictions, Portag3 VC new late-stage fund to Sequoia’s New York’s new office, here is what happening in PE-VC land and what it means for angel investors and founders.
💸 KKR: “IPOs are a year away for tech startups”
💰 “There are too many macroeconomic unknowns that need to be solved before the market and investors will start looking back towards the IPO.”, David Bauer, KKR, Equity Capital markets.
💰 In the meantime, late-stage startups opt for a combination of debt and equity to finance their business and stay afloat.
💰 In the context of tech valuation being under pressure (see my May article on tech valuation reset), we can expect continued challenges with fundraising resulting in layoffs, M&A, and failures.
👉 Exits for earlier stage tech startups will also be pushed to the right increasing uncertainty of returns and decreasing ROI (thank you time value of money!) for early-stage investors.
👉 The limited access to capital is trickling down and will create pressure in early-stage startups requiring some strategic thinking and execution towards new revenue avenues, cost reduction, and also potential monetization through M&A or strategic investments.
💸 Portag3 VC rolls out new late-stage Fintech fund, targeting up to U$1bn.
💸 For an investment of $19/month or $190/year, you can get full access to valuable insights, every week, on how to increase your financial returns. A pretty smart investment decision! 💸
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