The dreaded “down rounds” reduce initial valuations by billions

The dreaded “down rounds” reduce initial valuations by billions

Aug 9 (Reuters) – Several high-flying startups are pulling back as the recent carnage in global stock markets and lackluster demand for new listings forces companies to raise funds at a steep discount to their sky-high valuations. The easy money from venture capital trading is quickly evaporating in an inflation-fueled high-interest-rate environment as many private…

Venture Capital: How Big Will The Big Chill Hit NZ?

Venture Capital: How Big Will The Big Chill Hit NZ?

Investors who fund startups are turning heads in the US and Australia, slashing the value of their existing holdings amid rising interest rates, recession fears and a slump in tech stocks. in public markets. Industry players say New Zealand might not be hit as hard, given that investors here have been more conservative and bought…