Lustre wears off VC


Source: asiaasset.com asiaasset.com

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Feeling venturesome? You may not be after you read this. According to new data from CB Insights, global venture capital investment declined at the largest quarterly pace in almost a decade in the first three months of 2022, shrinking 19% from the preceding quarter to US$144 billion. This accompanied a near 40% plunge in initial public offerings and special purpose acquisition vehicles. Now, according to the Financial Times and other news reports, the selloff in public technology stocks has spread to valuations of pre-listing venture capital-backed private companies. The FT quotes Forge Global, a platform for trading in private startups,...