Amid tech stocks' poor performance, especially IPOs, some venture firms are cutting back investments and startup valuations, as they renegotiate funding deals
As everyone with a brokerage account braces for emotional trauma they've rarely … Tweets: Eliot Brown / @eliotwb : Several large startup investors rapidly pulling back -prices for private shares dropping -deals getting repriced -IPO window seems to be closing -multiples are way down A chilly reset is underway in the $4 T startup market after a searing hot run https://www.wsj.com/... Eliot Brown / @eliotwb : Driving the startup chill: Share price change since listing publicly... DoorDash (-40%) Oscar (-81%) UIPath (-47%) Compass (-56%) Robinhood (-59%) Coupang (-28%) (first day closing price) https://www.wsj.com/... Ann Lipton / @annmlipton : well now i don't know whether to assign my students the NYT article from two weeks ago about the frothy startup market where investors throw cash at founders, or this article https://twitter.com/... Dan Gallagher / @djtgallagher : Cloud selloff is raining on VC deals. @eliotwb and @heathersomervil have the gory details- https://www.wsj.com/... Heather Somerville / @heathersomervil : The recent stock market rout is rattling the $4 trillion U.S. startup market after a pandemic-induced run of record investments. Now, investors are cutting valuations, passing on deals and warning of an end to good times. From me and @eliotwb https://www.wsj.com/...