Hi Everyone,
We at ApeVue always like to put out objective content, and since there's been a substantial amount of anecdotal voices mulling between weakness and greatness for VC thus far in 2024, we hope our datasets continue to shed light on the institutional end of private company market activity.
Some of the most profound data points of interest for me personally were that institutional activity, measured by the sheer number of bids, offers, and trades, had doubled in terms of what ApeVue observed in Q1 2024 from Q4 2023. On average, 1st Quarter activity is typically a seasonally strong few months, but the breadth of companies with activity also increased substantially. With increased activity, ApeVue data show that four of the last five months reflected a tightening of bid/offer spreads, now in the realm of levels not seen since 2021.
I am resolute that our data are making an impact in bringing new investors to market, and want to thank you as a reader and market participant for being a part of that broad and growing private market infrastructure.
Those are my vues.
#AltData #VC #ASC820 #AlphaGeneration #Valuations