Unicorn births slowed in Q1’22 compared to Q4’21, coinciding with a 19% decline in funding QoQ.
However, the number of new unicorns in Q1’22 was still more than triple 2020’s quarterly average.
We see an opportunity here.
Most start-ups should be able to weather a changing economic cycle given the mountain of cash available in private markets — record amount of dry powder.
There are nearly 600 pre-IPO companies — a large market for investors to discover.
With current discounts investors may have a unique opportunity to tactically buy shares during this slowdown.
The universe of investment options in late-stage ventures dwarfs those available in public markets.