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Notable Capital’s Hans Tung on the state of VC and the upside to down rounds
TechCrunch's Equity podcast spoke to Hans Tung, managing partner of Notable Capital, about everything from down rounds to fintech to VC moves.
To some investors, “down round” is a dirty phrase, but not to Notable Capital ’s Hans Tung. Hans, whose portfolio includes the likes of Airbnb, StockX and Slack, sat down with TechCrunch’s Equity podcast to discuss the overall state of venture and why he still believes down rounds can make a lot of sense. So when you think in longer-term valuations, up or down temporarily doesn’t matter as much as generating a big outcome at the end.” It’s worth noting that by September 2023, nearly 11% of the year’s VC deals were down rounds, according to PitchBook data.
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