The late stage secondary market is the perfect hunting ground for bargains. Take Stripe for example. In 2021, the payment processor raised at around a $95 billion valuation. In 2023, it’s raising at around a $55 billion valuation. And there are many more companies like it that have slashed their valuations dramatically.
But why are we seeing these valuation cuts? Is it a sign that companies are in trouble? Overvalued? Or is it something else entirely?
In this episode of Angel Insider, Vin Narayanan and Allison Brickell discuss this and much more in their exploration of the late stage secondary market. Most importantly, they discuss how investors can approach the market right now. Topics include:
- The uncertain IPO market
- Rising interest rates and their impact on startups
- The best time to invest
Thanks for watching!