Who’s afraid of the big bad bear? An internal memo on startup investing during a down market
Last month, I traveled to the VC and financial capitals of the world – Silicon Valley and New York City – for meetings with VCs and potential investment opportunities, plus a few days of meetings at CES, the largest consumer technology conference in the world. Being another tough week for the financial markets, it was an interesting time to take such a trip. Here are some of my thoughts that I wrote up initially as an internal memo after returning, and decided to share with our broader community. While we generally spend our time focusing on the micro side of investing – companies, their teams, the competition, the technological and business advantages — it is important that we remember that investment opportunities do not exist in a vacuum. We need to raise our eyes to view the broader picture. Below, I discuss: The overall global investing environment What it means that valuations are coming down Takeaways: Private market investing during a public market downturn But… good companies will continue to be built, raise capital and create wealth OurCrowd in the...
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