>MFW private equity, specifically, venture capital markets just crashed
>MFW it's now had a domino effect on public markets as VC's cash out watching 25% - 30% of their private companies hit 0 - as no one wants to buy them.
My face when I lost my job and my parents said I could stay with them again until I found a new one, back to the NEET lifestyle but with an education and job experience. Lets get comfy.
It's literally happening.
It was pretty cool how Fidelity was open about it. There's still some VC backed companies that are fulfilling their valuations, but that's probably 5% of this list.
It's looking like a blood bath and Wall St is trying to cover it up with "poor performance, premature product cancellation and difficulty scaling globally" which is a cop out.
There is no way a missed forecast, can justify such a large fall in the stock right. It's crazy.
I think the organization's outlooks are relatively weak, too. It was interesting seeing Tableau getting raped so hard with a forecast of 1,000 new employees in 2016. Tableau actually sells something that's beneficial compared to these other organizations that have a point solution.
It's about to get real rough in the tech world. Real fucking rough.
Yeah fucking aye, this presentation by Mark Suster is disturbing as well. Venture capitalists are preparing for a weak market, are they selling off their public positions as a way of keeping returns up? Who knows.
As far as Tableau goes, I haven't been watching the companies but shit. Wall St is starting to panic now.
I-it's almost like.. if you hold a gun to investors heads as a central banker, and force them to seek yield in ridiculous prospects, it could destroy savings.
Come Monday morning, I'm selling my entire tech holdings. This is much worse than I thought. Imagine investing 56MM in a round only to find out next month, the market is dead and to cash out you accept 3MM?
>MARKET IS KILL, I REPEAT, MARKET (PRIVATE TECH) IS KILL