DISLCAIMER The views and opinions
expressed in this presentation are those of the author and do not necessarily reflect the official policy or position of his affiliates . Assumptions made within the analysis are not reflective of the position of his affiliates.
“I think tech sector is
making a huge mistake in thinking that they know their companies and how to value them better than Wall Street. That kind of thinking is arrogance and pride comes before the fall.” Fred Wilson, July 2 2015 Prescient Call
Did VCs Making Bad Bets
On Unicorns? You only find out who is swimming naked when the tide goes out - Warren Buffet
My Conclusions From The Data
• Broad stock market valuation metrics indicate valuations remain stretched, even after the recent pullback • The de-risking trend in fixed income is a bad sign for equities • Capital raising outpacing liquidity events is an ominous trend that is exacerbating the investing crunch • The decease in unicorn production is just one sign of a private market correction • The current opportunities for value creation from disruptive tech companies remains at all time highs