Tech Crunch?

By Keith Teare • Issue #291 • View online

Public tech stocks are in free fall. Private investing is booming. What is going on? Is it a bubble? Or are the markets disconnected?

Content

• Tech Crunch?
• Creators Raise $ billions
• Tim O’Reilly on Web3
• 2022 Predictions (continued)
• Startup of the Week
• Tweet of the Week

Editorial

Josh Elman tweeted today that:

“Public markets have been sending strong signals to the late stage private markets for a while now. But optimism still reigns on the private side!”

This week’s newsletter bears that out. The title page shows the collapse in the value of Ark’s innovation ETF. It represents a basket of high-growth tech companies and is clearly witnessing the consequences of the sell-off of the underlying assets.

Fred Wilson wrote a blog post called The Selloff. He said:

Even at these new “discount” prices, none of these stocks look cheap to me. Most are still trading well in excess of 10x revenues which has always been my baseline for a subscription-based software business. I don’t know where they will bottom out, but it certainly could be lower. Or the…