Venture capital has seen a sharp downturn in the past year. Mega rounds of startups raising more than $100 million fell by about 70%. The creation of unicorns, which are startups valued at more than $1 billion, fell by 86% last year. What have investors done in response? They've all slowed investing and pulled back from startups to different degrees. But where there is still plenty of money sloshing around is in Sovereign Wealth fund bucket.
A slump in tech is driving investors to rediscover old ways. Out are the cash-splashing long bets; in are smaller, profitable, strategic firms. Nigeria’s election was pitched as the most transparent ever. It was not. We ask what is likely to happen now. And chilli crisp, a Chinese condiment with a deep history, is a study in how foods become fads.
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