PYMNTS.com November 13, 2024
Times are reportedly tough for the world of venture capital (VC) and tech startups.
As the Wall Street Journal (WSJ) reported Wednesday (Nov. 13), investors are seeking returns from VC companies and startups despite a weakened initial public offering (IPO) market. The WSJ points to a report by law firm Ropes & Gray showing that IPOs this year climbed compared to last year, though is still sub-normal.
In this environment, the report said, VCs and older startups are trying to create liquidity by selling to private equity, though the rewards are often muted compared to what they’d get from an IPO.
At the same time, private equity (PE) firms are growing more active in the tech sector, the WSJ added....
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