Viewpoints

Doug Leone was the Sequoia Capital’s managing partner that led its expansion to China and India. In an interview at Stanford in 2014, “Luck & Taking […]

“Originating from Greek mythology, and much of Roman mythology, Centaurs symbolize masculinity, and are supposed to be brave, loyal warriors”. When the term unicorn was coined […]

Stripe provides the infrastructure for merchants to accept all major forms of digital payments online as well as POS payment solutions. Stripe’s comprehensive product suite and […]

Howard Marks of Oaktree Capital has deservedly become a financial guru (plus a billionaire). His memos to Oaktree clients are always memorable. Several parts of his […]

Some definitions first: A primary transaction happens when securities are issued and sold directly by a company, while a secondary transaction is when the initial purchaser of a security sells […]

Forecasting is a futile exercise since human action is driven by randomness. Nevertheless, given the Fed’s ongoing interest rates hiking and monetary tightening, a recession seems […]

All figures from PitchBook. Insider-led rounds (ILRs) are defined as new financings for startups that are led by existing investors. In 2022 YTD (up to November […]

All figures from PitchBook. Traditionally, the VC market is segmented in three: Angel & Seed, Early Stage and Late Stage. Late Stage is by far the […]

The US M&A activity is stunning; in 2021 it reached $2.75T (1.5x the Brazilian GDP) covering 18.5K deals. The VC-backed M&A activity represents a small subset. […]