PYMNTS: As Markets Gyrate, Startup Investors Search for Success Where ‘VC Meets D.C.’

May 10, 2022by SineWave Press

SineWave’s Founder & Managing Partner Yanev Suissa featured in PYMNTS: “As Markets Gyrate, Startup Investors Search for Success Where ‘VC Meets D.C.'”

Get ready for a seismic shift in the venture capital (VC) industry.

Amid the downturn in the public markets, the swoons in the Nasdaq (down more than 20% YTD), the PYMNTS FinTech IPO Index is down even more, off a staggering 35% YTD through last year.

That index could be used as a proxy for the new and emerging technologies tied to the great digital shift and the early-stage capital committed for companies that ultimately went public (which is a typical VC exit strategy). Call it the great fizzling.

“VCs were getting greedy,” SineWave Ventures Founder/Managing Partner Yanev Suissa told Karen Webster, and backing funds worth billions of dollars that presupposes that there would be 300 great companies to invest in.

Read the full article here.

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