TPMTech: How Will the Correction in Startup Valuations Impact Industry Operations in 2024 and Beyond?
Valuations of VC-backed software vendors, data providers, and digital intermediaries peaked during the pandemic, but have fallen markedly since mid-2022. While this trend is far from universal, on the whole companies that raised sizable funding rounds at nine- and 10-digit valuations are struggling under the weight of those valuations. It’s not that these companies aren’t providing a useful product or service, or that they don’t significant revenue. It’s that the exits needed to justify the amount of cash invested are hard to square with the current demand environment. But outside of some spicy LinkedIn conversations, all of that largely doesn’t impact users of those products. Or does it? This session will delve into whether valuations of fast-growing companies — most backed by venture capital — actually matter to the current and potential users of those products, i.e., logistics practitioners.