March by D’Ornano + Co.: Navigating the IPO route in 2024, Quality Rather Than Bargains: a New Playbook for PE and is there a Tech Extinction Event to come?

This is our monthly newsletter dedicated to Tech x Investments.

Dear readers,

Another intense month is about to finish, and as we continue to chart our way through 2024 it feels that we are entering a period of “normality”. I had the honor to speak last week at the Greenwich Economic Forum Miami on the topic of Valuation Reset in the Venture Capital and Private Equity segments, and shared my views on how that was playing off in the world of (high-growth) disruptive technology companies.

Not only are valuations resetting – though the final line is yet to be reached – but the macroeconomic environment seems to be settling. Though inflation is stickier than anticipated, the Fed is still on track to deliver as much as three rate cuts this year. Both combined offer hope for an IPO window reopening, easing pressure in the VC world. I want to shift the focus of this month’s introduction on IPOs.

The pandemic and macroeconomic context created a perfect environment for high-growth disruptive technology companies to develop in the private markets. Free money a…