Weekly Update #257: Tech Tumbles Amid Trade Tussles
EquityZen has produced these weekly updates for secondary investors, shareholders and company representatives.
If you find this useful, subscribe to our weekly newsletter!
In order to view EquityZen's Investment Offerings, you must be an Accredited Investor.
Chart of the Week - Tech Tumbles Amid Trade Tussles
Concerns over escalating trade tensions with China roiled Wall Street over the past week, with tech shares hit disproportionately hard. The NASDAQ Composite (which is heavily tech-focused) slid 278bps since early last week, underperforming the S&P by ~70bps.
How will the trade concerns impact Silicon Valley investors? Difficult to say at this point as the full scope of trade policy has yet to be finalized and - as is many times the case - the devil is likely to be in the details. Further, unlike public markets where sentiment and expectations are immediately evident, any impact from trade will take time to feed into private valuations given lags between funding rounds. We note some potential ramifications of the new trade initiatives for startups below:
Other items we are reading:
Funding Rounds Since Last Week
To learn more about whether you're eligible, typical investment size, company valuation, and share price, request access here.