HomeAbout

TL;DR CNBC


Market history says a recession could produce the next Airbnb or Slack - TL;DR CNBC

Market history says a recession could produce the next Airbnb or Slack

Publishing timestamp: 2023-01-12 20:04:13


Summary

The startup economy has been hit hard by rising interest rates and a bear market for tech stocks, leading to a decline in exits and public offerings for venture-funded companies. Despite this, overall VC funding in the US remains strong and past recessions have produced some of the biggest companies in tech. Investors are now favoring profitability over future growth, leading to a decrease in exit value and public listings. Sequoia Capital has published two memos warning of a downturn, and Stripe has cut its internal valuation twice. Despite the difficult environment, investors are still investing in innovation, particularly in seed and pre-seed companies. Leaner times can also lead to more scrappy innovation, and CNBC is now accepting nominations for its 2023 Disruptor 50 list.


Sentiment: MIXED

Tickers: PINSSQABNBTWLO

Keywords: start-upstwilio incmergers and acquisitionsairbnb incipostart-uppinterest incbusiness newstechnologyventure capitalblock inc

Source: https://www.cnbc.com/2023/01/12/market-history-says-a-recession-could-produce-the-next-airbnb-or-slack.html


Developed by Leo Phan