Gavin Baker believes we’re in for a huge number of companies taking down rounds. “Unless the Nasdaq keeps going up, when the pig works its way through the python and all these rounds get priced and eventually the structure gets washed out,” the number of down rounds “is gonna go to like 50% or 60%, maybe 70%,” he estimated.
Among other topics, Gavin Baker offers his thoughts on the current state of growth equities and the significant evolution of semiconductors.