I don't have any details at the moment. It's a huge shock to the industry right now. Came out of nowhere, and funny enough they had raised a sizable fund ($570M) earlier this year, so should have plenty of capital to invest & dry powder. Lots of rumors spreading through the industry, but nothing definitive I've seen yet. TBD...
More to come. So many VCs invested in a) worthless companies; b) at valuations in good companies that make no sense.
2024 / early 2025 is going to be brutal. We are still in 2007. The signs are out there for anyone that truly pays deep attention to both the mkts and economy.
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I don't have any details at the moment. It's a huge shock to the industry right now. Came out of nowhere, and funny enough they had raised a sizable fund ($570M) earlier this year, so should have plenty of capital to invest & dry powder. Lots of rumors spreading through the industry, but nothing definitive I've seen yet. TBD...
More to come. So many VCs invested in a) worthless companies; b) at valuations in good companies that make no sense.
2024 / early 2025 is going to be brutal. We are still in 2007. The signs are out there for anyone that truly pays deep attention to both the mkts and economy.
Recusandae laborum molestiae sint quo nesciunt voluptate voluptas voluptatem. Esse reiciendis praesentium consectetur ipsum.
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