For some investors, “down” is a grimy word, nevertheless it’s not A noteworthy capital‘S Hans Tung. Hans is previously a managing partner at Notable Capital GGV capitalenterprise firm focusing on investments in the US, Latin America, Israel and Europe.
Hans, whose portfolio includes corporations comparable to Airbnb, StockX and Slack, was met by TechCrunch Right podcast discussing the overall state of the enterprise and why he still believes a down round could make sense. According to Hans: “The IPO is actually just a milestone, not the end. The initial public offering marks the beginning of interest from public investors. So when you think about long-term valuations, a momentary increase or decrease doesn’t matter as much as generating a big result at the end.” It is value noting that by September 2023, almost 11% of this yr’s VC deals resulted in declines, According to PitchBook data.
Hans also tell us why he stays bullish on fintech and which sectors in the fintech space have him particularly excited.
Of course we dug recent changes in your individual company, which evolved from 24-year-old cross-border firm GGV Capital and renamed its U.S. and Asian operations to Notable Capital and Granite Asia, respectively. GGV’s transformation is the latest in a series of changes we have seen in the enterprise capital world, including personnel changes at Founders Fund, Benchmark and Thrive Capital.
Press play to hear what Hans has to say on these topics and more! The capital will return on Monday. See you!
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