The Permanently Unemployed is Worth Thinking About

September 14, 2020

Last week, the Bureau of Labor Statistics reported figures on what has become known as the permanently unemployed. These are individuals that – at least during this recession – start out being classified as temporarily let go to being classified as unlikely to return to their previous employer. The permanently unemployed figure stands at 3.4 […]

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European VC Valuations Continue to Zoom Through 2020

August 31, 2020

Heading into the global recession brought about by the highly contagious coronavirus, most investors were likely concerned about where valuations would head over the duration of the shutdown and subsequent reopening. Interestingly, in the case of European venture capital (VC), the answer is up, up, and more up. If there are perhaps two words to […]

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13 Million to Go

August 18, 2020

Last Friday, the Bureau of Labor Statistics reported that the American economy created 1,763,000 jobs in June. Judged by the equity markets, the gains were welcomed. The American economy has now been creating jobs for three straight months (May, June, and July) following two months of pure horror (March and April). Overall, total employment in […]

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Private Equity/Venture Capital Is Not As Bad As Some Might Think

August 4, 2020

Recently, private equity data provider Pitchbook released their Q2 2020 state of the venture capital (VC) / private equity (PE) markets. The report provides an interesting glimpse into the state of PE and VC leading up to and over the course of the coronavirus pandemic. Spoiler alert: The PE and VC universe is not as […]

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Predictions Versus Reality in Private Equity 2020

July 20, 2020

Private equity data provider Pitchbook is out with a fascinating look at their 2020 predictions versus reality so far. The predictions made by Pitchbook were likely not much different that most private equity forecasters. As such, here’s a look at expectations versus reality. Forecast #1: The median pre-money valuation for seed-stage companies will eclipse $8.5 […]

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Early Showings on the Effect the Pandemic Is Having on Private Equity/Venture Capital

July 6, 2020

How has the private equity/venture capital world held up during the pandemic? Private equity data provider Pitchbook is out with a brief view on the numbers. Overall, the picture is not as bad as some might have expected. Venture Capital Investment According to Pitchbook, venture capital (VC) investment is down in 2020 compared to 2019. […]

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Three Problems the Global Economy Has on the Horizon

June 22, 2020

The world is in a dangerous position. Employment is generationally weak, and in response to the weak-by-choice economy, governments and central banks have opted for massive spending, historically low interest rates, and exploded central bank balance sheets financed by printing money. What do these things mean in the not-too-distant future? Problems. The jobs picture First, […]

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The Jobs Picture Looks Surprisingly Bright

June 8, 2020

On Friday, the U.S. Bureau of Labor Statistics (BLS) shocked the world when it reported that the American economy created 2.5 million jobs in May. Economists had expected the BLS to report job losses of 8 million or more. The surprising jobs report had market observers wondering if the economy really can jump back to […]

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The Financial Industry’s Jobs Picture During COVID-19

May 25, 2020

The global economy is in a terrible hole. After the longest expansion on record, global growth may drop by 40% in the second quarter of 2020 (annualized). Obviously, that decline is showing up everywhere, including the jobs market. The drop in employment over the past couple of months has virtually eliminated all employment growth the […]

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The Hole is Big, Perhaps the Best Time to Think About Private Equity Ever

May 11, 2020

The coronavirus (COVID-19) has blown a hole in the global economy. In the European Union, Gross Domestic Product (GDP) receded 3.8% in the first quarter of 2020. In the U.S., first quarter GDP growth dropped off by 4.8%. In China, the start of the coronavirus pandemic, growth decline by a massive 9.8%. All indications are […]

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