A New Norm…
Greetings CAV Angels –
I’m sure for most of you, the phrase “a new normal” is somewhat cliched by now. But at the risk of further overuse, I do think its an appropriate title for framing this quarter’s newsletter.
While the pandemic is (hopefully) a once-in-a-lifetime event, peak and-valley investment cycles are not, and are an inevitable part of the venture capital business. Private markets typically lag public markets by 3-6 months, and the current investment cycle is no exception. The recent economic downturn on Wall Street that we’ve been experiencing for the past quarter or two has now started to creep into the early stage investing space. As the WSJ noted in a recent article, Tech Downtown Slows Early Stage Startup Funding: (Click link above to read the whole update)
