In particular, Supreme Court decisions [overturning Roe vs. Wade] made. However, I haven’t heard of a specific person who planned to move but decided not to, or who quit after moving.
You have survived a technology recession. Are there any similarities to what is happening now?
In AOL’s first decade, no one knew or cared about the Internet or cared about AOL. In his next decade, suddenly everyone wanted to be connected to the Internet, and AOL was the gateway. And when that happened, you saw our stock price skyrocket. Some people said, “Wow, this internet thing is really interesting.”
And suddenly there were hundreds of other dotcom companies. Many of them were concept stocks that went public fairly early on. And in 2000 there was a clear turnaround. Today, we’re in a 13-year bull market, and it’s safe to say that most company valuations are holding up to historic levels, especially for fast-growing technology companies. Recently, some air has come out of that balloon due to policy changes regarding interest rates etc.
The difference is that most of the companies listed in the last five years are more fully developed. And what’s happening now is a reset of their ratings. But the vast majority of companies will still be around years from now, in contrast to what they saw in 2000.
How could rising interest rates ruin technology investments? What companies do you think are most likely to miss out on investments at 3% or 4% benchmark rates today? mosquito?
What we’ve seen so far is something of a reset in later stage growth rounds, including some very active crossover funds (such as Tiger) that are exiting public companies. . In the early stages of investing, if you call it a million dollars and the valuation is he’s $10 million, it resets less than if the company were worth hundreds of millions or billions.