The level of demands crossed several levels at once. In general opinion, “This is the end of delusional assessments.” If the phenomenon is less visible than the collapse of stock market prices, it is no less real. The shock is stronger because it comes after 2021, which was marked by a one-time job. The funding rounds (series C or D) completed by the most mature startups have reached records. “In 2022, we’ll be back to pre-2019 valuation levels, that’s back to normal.” says Oliver Holler, co-founder and CEO of Speedinvest.
Sensing that the situation was escalating, entrepreneurs had a real wave of panic in the spring. “The main concern was to secure cash so that we can think calmly for the next two to three years.” summarizes Marc Fournier, Partner, Serena Capital. Startups in the closing stages of the table have been quick to do so, even if it means accepting…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.