Qubit: Hamilton Lane Private Market Returns Q3 2022
Private markets continue to outperform every other equity asset class by more than 300 bps in the past 15 years.
This chart is as of September 30, 2022. It includes the recent market downturn in venture and growth, though I'm sure there is more to come.
Yes, there will be investors that will leave the asset class but most will stay put.
Source:
Weekly Research Briefing: Still Hanging On?
Tweets and Posts:
The average startup saw a 24% increase in sales cycle from early 2022 to 2023. 60 day sales cycles are now 75 days.
“Thanks to the invention of spreadsheets, we’re going to throw so many bookkeepers out of work!”
“Actually, thanks to spreadsheets we’re going to see the growth of a new cohort of annoying people know as ‘fleece vest bros.’”
There’s a major structural flaw in how the VC ecosystem works that we don’t talk about enough.
It’s a flaw that creates confusion and bad advice for Founders.
And it’s a flaw that makes no sense when you dissect it. 🧵👇
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