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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? Even then private market investors can paper over valuation changes by investing at the same price but with more structure so it’s hard to understand the “headline valuation.” What is a VC To Do?

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VC Investor Relations

A VC: Musings of a VC in NYC

I realized a long time ago that the VC’s customer is the founder/CEO/portfolio company and that our investors (called LPs in VC speak) are our “shareholders” That was a very defining moment for me and has clarified what matters the most in a VC firm. That is very rare but has happened. That can work too.

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What Is Going To Happen In 2021

A VC: Musings of a VC in NYC

Happy 2021. It helps me invest and advise the companies we are invested in. Like our investing, I will get some of these right and some wrong. The Covid Pandemic will end in the developed world in 2021. The second half of 2021 will be marked by two conflicting trends. We will see it accelerate in 2021.

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What Happened In 2021

A VC: Musings of a VC in NYC

This post will be the look back and I started by revisiting my look forward into 2021 that I wrote on New Year’s Day 2021. I predicted that vaccines plus immunity from those who had been infected would end the pandemic by mid-year 2021. That’s what 2021 brought home for me. We must face that and then fix it.

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USV 2021 and USV Climate

A VC: Musings of a VC in NYC

While the climate fund is something new and important, we also raised another early stage fund to invest in the same kinds of companies we’ve been investing in at USV for over 15 years. … We publish our investment memos as blog posts. We are active partners to all the companies we invest in at all times.

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4 Indian investors explain how their investment strategy has changed since 2021

TechCrunch

After a blockbuster year for venture capital funding in 2021, the flow of capital to Indian startups seemed like it would buck global trends in early 2022, but dried up in the second half of 2022. For Ashutosh Sharma, head of India investments at Prosus Ventures, it is paramount for startups to ensure their existence at this time.

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Latin America’s decline in VC investment isn’t necessarily bad news

TechCrunch

Because VC investment in the region didn’t start slowing down in the last few weeks: Dollar funding has now fallen for three consecutive quarters in the region. Mexico: $258 million, down 59% from Q4 2021. billion, down 32% from Q4 2021. Colombia: $457 million, up 56% from Q4 2021. Brazil: $1.5

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