finance

Great read on the logjam (+1400) of private unicorns waiting for some sort of exit. "Hot 2021" deals that raised at ~100x ARR find it practically impossible to find a good outcome when public comps are ~6.3xEV/NTM. Multiple compression has also crushed growth stage investing and we continue to be at an impasse until these get flushed through the system

Great read on the logjam (+1400) of private unicorns waiting for some sort of exit. "Hot 2021" deals that raised at ~100x ARR find it practically impossible to find a good outcome when public comps are ~6.3xEV/NTM. Multiple compression has also crushed growth stage investing and we continue to be at an impasse until these get flushed through the system https://eastwind.substack.com/p/zombiecalypse-in-startupland?r=5j48v&utm_source=substack&utm_medium=email