Chapter
The Athletic Sells for $500 Million and Record Highs in Public Markets
38:05 - 43:34 (05:28)
The Athletic, which was valued at $500 million just two years ago, was sold for the same price to the New York Times. Also, the public markets experienced record highs in 2020 and 2021 due to the expansionary monetary and fiscal policies, but this trend may not trickle down to the VC markets unless the latest stage investors start paying less for the late-stage growth companies.
Clips
The recent sale of The Athletic for the same price it raised two years ago suggests a shift in SAS company valuations, and experts predict that some companies will sell for under a billion dollars.
38:05 - 41:21 (03:15)
Summary
The recent sale of The Athletic for the same price it raised two years ago suggests a shift in SAS company valuations, and experts predict that some companies will sell for under a billion dollars. It will take a few high-profile deals to establish this new valuation level.
ChapterThe Athletic Sells for $500 Million and Record Highs in Public Markets
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The record-high prices in public markets seen in 2020 and 2021 were likely the result of expansionary fiscal and monetary policy.
41:21 - 43:34 (02:13)
Summary
The record-high prices in public markets seen in 2020 and 2021 were likely the result of expansionary fiscal and monetary policy. However, this has not yet trickled down to the VC markets, and as a result, we may see a shift in the valuation of late-stage growth companies as artificial liquidity fades.