For some investors, “down round” is a unclean word, but that doesn’t apply Remarkable capital‘S Hans Tung. Hans was previously managing partner at Notable Capital GGV capitala enterprise firm focused on investing within the United States, Latin America, Israel and Europe.
Hans, whose portfolio includes Airbnb, StockX and Slack, sat down with TechCrunch Equity capital podcast to debate the general health of the corporate and why he still believes down-rounds could make lots of sense. Per Hans: “An IPO is definitely only a milestone, not the top game. An IPO is the start of public investors getting involved. So when you consider longer-term valuations, a short lived rise or fall shouldn’t be as vital as achieving a giant result at the top.” It’s worth noting that through September 2023, almost 11% of the year’s VC deals were down-rounds. accordingly PitchBook Data.
Hans also tell us why he remains to be optimistic about fintech and which sectors within the fintech space he is especially enthusiastic about.
Of course we agreed to it recent changes in his own company, which emerged from 24-year-old cross-border firm GGV Capital and rebranded its U.S. and Asia operations as Notable Capital and Granite Asia, respectively. GGV’s transformation is the most recent in a series of changes we have seen on the planet of enterprise capital, including personnel changes at Founder’s Fund, Benchmark and Thrive Capital.
Click play to listen to what Hans has to say about these and other topics! There might be equity again on Monday. See you then!
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The full interview transcript will be present in our full episode archive for many who prefer reading to listening over at Simplecast.
