The year ahead

New York has been good to me so far. We’ve had a lot of meetings and planning yesterday. And plan to do more of that today.

One prevailing sentiment that we’re consistently hearing from other investors and veterans in the industry is that 2024 is likely going to be another tough year for us in tech. Surely, there will be some IPOs, but the macroeconomic events combined with an election may force a lot of companies to wait for 2025.

Of course, everyone hopes they’re wrong. It’s not what we want to hear, but it’s a very real possibility that we all need to prepare for.

The good news is that strong companies will continue to grow and hopefully start getting close to their 2021 valuations in the coming year or two.

We’ll see how things go.