Start-up founders and investors should brace themselves for yet more pain as the tech downturn deepens and valuations fall in the near term by 50 per cent, veteran venture capitalist Bill Ferris has warned.
Start-up valuations are under pressure amid a public market tech sell-off, but a panel of venture capitalists has argued the turbulent public markets pose an opportunity for those investors who didn’t succumb to the market FOMO.
A newly-created fund-of-funds geared towards Victorian investments has been established, in a move that will benefit the state’s growing start-up sector. Firm: Gilbert + Tobin (V-Ignite). Deal: G
Having just launched their own shop in January, two former members of the industry fund s private equity team have been mandated to run the newly created Victorian Startup Capital Fund (VSCF).