October by D’Ornano + Co.: assessing resilience in light of ESG criteria in the era of greenwashing, fresh US crypto rules, the new macroeconomic and energy paradigms and the VC market downturn?

This is our monthly newsletter dedicated to Tech x Investments.

Dear all,

I would like to express a positive note in this month’s newsletter. Clearly caution is widespread as the macroeconomic and geopolitical landscapes continue to be ever more challenging: inflation has just hit record highs both in the US and in Europe, with the first ever reading of double inflation in the latter (+10% y.o.y. in consumer prices) partly due to the energy crisis, and we are facing an escalating energy war following the Nord Stream sabotage.

But despite these concerns, we see many opportunities for “bold” investors to invest in Tech, green businesses and impact (i.e. the three megatrends in Private Markets we have often talked about here).

Let’s start with Tech. Yes Tech is being hard hit since the beginning of the year, and this correction is affecting all companies, not just those unprofitable Tech companies that have received massive funding notably in last year’s funding frenzy. The Tech focused Nasdaq composite was down 32% at September, and majors are being hi…