Tech: The Half-Year in Review
Just a reminder that June is the year’s midway point and always a good idea to take stock of where we are so far.
The big tech stocks have all taken a long-overdue hit, as has the rest of the stock market and the word is that it has become harder to raise funding. It’s true that investors aren’t writing checks at the rate that they did, but then again, we’re coming off a 13-year tech high, and many people who cashed out or who were acquired suddenly became investors. But were they qualified? All things considered, that’s part of the broken VC model. Do they add value, or just money? There is a difference, and the distinction is important, especially in times like these.
Even the so-called high-flying seasoned investors are feeling the pain. It’s one thing to be a genius in the good times. We’ll see who the true outliers are moving forward.