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My guess is, late stage investors are bringing money from a different class of LPs, who aren’t looking for asset classes that grow 20x.
by shehjar 2y ago
My guess is, late stage investors are bringing money from a different class of LPs, who aren’t looking for asset classes that grow 20x.
- ashishb 2y agoLeave 20X. My concern is that some of these can't even retain their valuations (Oyo and Byju are valued below their total funding amounts already).
- shehjar 2y agoYou are right and I am simply putting myself in the shoes of the late stage investors. Perhaps they have been sold a story the drives confidence in a 2X return. When the story doesn’t hold up, there isn’t much of a multiples buffer to prevent losing money.