Slowing growth

Well it didn’t take too long for Colin to get sick at daycare as he caught a stomach bug in his 2nd week. It’s been a less than ideal experience the last few days and he’s home with us today which is causing a tough disruption in both Sophia and my work days, and plans for time to ourselves this afternoon.

That is the unfortunate life of being a parent though and I suppose I need to get used to it. I’m someone who likes being organized and I try to manage my schedule meticulously. With a kid now, life is just a lot more unpredictable and I’ll need to roll with the punches more. It’ll be a nice change of pace for me to be a little more spontaneous in life.

On another note - I’m unfortunately still meeting with a lot of companies that seem to be struggling post-ZIRP years. On one hand, I am surprised that there have not been more companies with down rounds. It seems like a lot of companies were able to manage cash well and get to or close to profitability.

On the other hand, a lot of companies are struggling to continue to grow into their valuations they received in 2021. Growth rate have slowed and the prospects of an IPO are dimming for a lot of thee companies. With the rise of the next wave of companies, there is an interesting situation where these companies may miss their window.

Unfortunately that may mean not so great M&A opportunities. Of course, the hope is these companies will be able to reaccelerate growth and get to the IPO. Also, the IPO market could also improve in their favor.