JPMorgan will create a new team to trade shares of pre-IPO giants including SpaceX, Robinhood and Airbnb. CNBC’s Hugh Son broke the story and joins ‘The Exchange’ to discuss his reporting.
The crypto shock occurred primarily after the sudden crash of the stable coin TerraUSD and Luna token. A drop in cryptocurrency values has wiped away more than $300 Bn. While Terra’s founder is still optimistic about his plans to revive Terra, Kwon is facing some major backlash in the form of lawsuits, fines, and penalties. The recent crash has emerged as a wake-up call for investors and regulators.
VC funding sky-rocketed in 2021 with over $643 Bn going into global venture investment. However, the good times do not seem to continue in 2022. After the hyped market in 2021, VCs are now renegotiating their deals. Whether this is a minor correction or has long term impact is a thing to see, till then startups are being advised to use their cash wisely.
Read this article to understand the different reasons for the decline in valuations and the kind of impact it could have on investors and startups.
As cybercrimes and cyber threats are rising, security is becoming a center of discussion for several businesses. 2021 was a record breaking year for cybersecurity startups. VCs had a big appetite for the sector as the deal volume crossed $29 Bn, seeing a YoY growth of over 136%. With cybersecurity demand showing no signs of decline, we expect the sector to continue to rise in the future.