I think part of what we're seeing on the deal count side is a lot of "stranded" assets finally trading. There are a lot of 5-15M ARR businesses that are growing 20-30% with breakeven P&Ls out there right now. VCs need some DPI after raising a lot of $ from 20-22, and this is where it's coming from.
certainly a lot of companies are getting tired and running out of money with no other options. Small scale with <25% growth will not produce a venture outcome so many are being pushed to explore options
I think part of what we're seeing on the deal count side is a lot of "stranded" assets finally trading. There are a lot of 5-15M ARR businesses that are growing 20-30% with breakeven P&Ls out there right now. VCs need some DPI after raising a lot of $ from 20-22, and this is where it's coming from.
certainly a lot of companies are getting tired and running out of money with no other options. Small scale with <25% growth will not produce a venture outcome so many are being pushed to explore options