Back to work

I’m back home after flying home on Sunday… only 2 days after originally planned. I feel lucky that I was able to test negative and come home after two days. I know others who have traveled and have had to extend almost 2 weeks. Despite life trying to work against me and ruin my vacation, I’ll go as far to say that I had a great trip. It was less than ideal and there were for sure unfortunate circumstances.

With that said, I got the rest I needed. I read some great books and was able to unwind to clear my head. I’m back at work feeling rejuvenated again. Mission accomplished.

I come back from a vacation at a great time. It’s about to be a new quarter and we’ve had some timely news that will allow me to focus on some key initiatives in Q2.

On Q2, I always tell the new hires that working at Secfi gets interesting when the macroenvironment seems to be against us. This is one of those periods.

We’re seeing much less VC activity across all sectors. Those that do raise capital are doing it at much lower valuations. Investors are marking down their portfolios quite considerably. Some companies such as Instacart are lowering their internal valuations as well.

On the surface, this could be a challenge for Secfi, but in many ways it’s actually a great thing. We understand corrections happen, and I do believe a correction was needed. On the individual level, I saw some unreasonable actions last year with people taking on too much risk given the bull market.

We’ll need to help our clients navigate through this period. We’ll have to work harder and make sure we help as many people plan for this correction and get them in the right positions for when the market bounces back. This is really where things get interesting.