“And just like that, he’s gone”
For fans of the movie The Usual Suspects, that line captured what it was like to wake up to the investment reality of 2022.
2020 and 2021 were banner years for companies going public any way they could, including SPACs, which skyrocketed in popularity in 2020 but had fallen back to earth by the end of last year. These exits provided returns to their investors, which resulted in more and new investors who went on to raise new and larger funds.
And now all this new money was looking for more and more investment opportunities, to which [ Read more… ]