Ernst & Young: US tech IPO deal proceeds plummeted 94%, from $155.8B in 2021 to $8.6B in 2022; FactSet: no tech IPO raised $1B in 2022, compared to 15 in 2021
*Discounted future* cash flow matters. “If you're public, the only thing that matters is cash flow right now and what are you doing every day to increase your cash flow. I think it's short-sighted, but I understand that's what markets demand right now.” https://www.cnbc.com/...