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Notable Capital's Hans Tung on the state of VC and the upside to down rounds | Prime Time News24

To some buyers, “down spherical” is a unclean phrase, however to not Notable Capital’s Hans Tung. Hans is a managing companion at Notable Capital, previously GGV Capital, a enterprise agency specializing in investments within the U.S., Latin America, Israel, and Europe.

Hans, whose portfolio consists of the likes of Airbnb, StockX and Slack, sat down with Prime Time News24’s Fairness podcast to debate the general state of enterprise and why he nonetheless believes down rounds could make plenty of sense. Per Hans, “An IPO is definitely only a milestone, not the top recreation. An IPO is the start of public buyers being alongside for the experience. So if you assume in longer-term valuations, up or down quickly doesn’t matter as a lot as producing an enormous consequence on the finish.” It’s value noting that by September 2023, almost 11% of the 12 months’s VC offers have been down rounds, based on PitchBook knowledge.

Hans additionally tell us why he’s nonetheless bullish on fintech, and what sectors within the fintech area have him particularly psyched.

After all, we dug into current adjustments at his personal agency, which developed from 24-year-old cross-border agency GGV Capital and rebranded its U.S. and Asia operations to Notable Capital and Granite Asia, respectively. GGV’s transformation is the newest in a string of adjustments we’ve seen on the planet of enterprise capital, together with personnel adjustments at Founders Fund, Benchmark and Thrive Capital.

Hit play to listen to what Hans has to say on these matters and extra! Fairness can be again on Monday. See you then!

Fairness is Prime Time News24’s flagship podcast and posts each Monday, Wednesday and Friday. You may subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts.

You can also observe Fairness on X and Threads, at @EquityPod.

For the total interview transcript, for many who favor studying over listening, try our full archive of episodes over at Simplecast.



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