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This Week in Startups

Mark Suster and Samir Kaji on the 2024 Venture Market, IPOS, and Secondaries | E1899

Feb 17, 2024
Mark Suster, a managing partner at Upfront Ventures, shares his insights on the current state of the venture capital market alongside Samir Kaji, CEO of Allocate. They dive into the challenges facing Series B and C fundraising amidst a cooler market. Both discuss the strategic importance of secondaries for liquidity and the evolving landscape of IPOs. Suster and Kaji also highlight crucial metrics and the need for adapting investment strategies as they navigate a transforming industry landscape.
01:22:59

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Quick takeaways

  • 2024 predicted to be a pivotal year for fintech IPOs with renewed confidence in the market
  • Fintech companies must offer unique technologies or infrastructure to stand out in the overfunded and overvalued market

Deep dives

Fintech IPOs Expected to Rise in 2024

According to F Prime Capital's State of Fintech report, 2024 is predicted to be a pivotal year for fintech IPOs. Public stocks in the fintech sector have rebounded from their 2022 lows, and F Prime argues that this indicates renewed confidence in the market. However, the report also highlights that fintech companies face challenges such as regulatory oversight and the need for differentiation. Fintech companies that offer novel solutions or unique infrastructure, like dynamic CVV or treasury T-bill trading desks, may have a better chance of success.

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