A Deep Dive Into Fintech Red Ink
Plus, Mr. Wonderful on NFTs.
Number of the Week: -46% (explanation below)
A Deep Dive Into Fintech Red Ink
It’s not exactly a secret that fintech companies have had a hellish start to 2022. As with the dot-com meltdown that began in early 2000, the pressure of public markets has exposed weaknesses in the once-giddy sector, and that in turn has affected both private valuations and new investments. Just as unicorn valuations and eye-popping IPOs defined the first half of 2021, layoffs and bailouts are defining 2022.
Recently Pitchbook published a comprehensive guide to the red ink, and it is a sobering read.