Equity Steering through venture's global correction with the GPCA's CEO
Jul 5, 2023
Cate Ambrose, CEO of the Global Private Capital Association, shares insights on the shifting landscapes of global venture capital. She discusses the impressive growth peaks of emerging markets and the resiliency of smaller startup ecosystems amidst economic corrections. Government policies play a crucial role in fostering innovation, with examples from Latin America. Ambrose also highlights signs of recovery in global investments, particularly in technology and generative AI, and the importance of new generations driving social impact.
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Outdated Terminology
- The term "emerging markets" is outdated and doesn't reflect the current economic landscape.
- It fails to capture the dynamism of economies like China and India.
Bargain Hunting Giants
- Tiger Global and Sequoia sought cheaper deals in newer markets like Africa.
- Ironically, these firms drove up valuations in other regions previously.
Capital Overabundance
- There's a mismatch between available capital and scalable startups with successful exits.
- Abundant capital from various sources makes finding good investments challenging.