INSUBCONTINENT EXCLUSIVE:
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.How quickly our world
In late February, A Technology News Room covered the news that TripActions, a unicorn four times over, had secured a $500 million credit
line to help it scale its corporate travel-focused business; however, it became known yesterday that TripActions is undergoing stiff layoffs
after the corporate travel market transformed from growing to moribund in light of the global outbreak of COVID-19.Many aspects of the
public market are now different: public companies are pulling guidance; the Olympics is postponed; domestic life has been overturned by
lockdowns and social distancing recommendations; and at the heart of what this publication covers, the venture capital scene has changed as
calling bullshit on the idea that the venture capital market is matching anything like its prior pace of business
To better understand what the fundraising market is like for entrepreneurs today, A Technology News Room asked founders to write in with
(Write in if you have your own story, and we may include it in a future piece.)What founders sent in ran the gamut, but mostly fell into two
camps:Deals were kaput and few (if any) investors are writing checks.While the investing market had slowed, it was still moving some, if
edits have been made.Deals are dead
