Asaf Horesh

Managing Partner @vintage_inv ; 5 kids & 🏊‍♂️🏃‍♂️🚵‍♂️

[Asaf Horesh @AsafHoresh]

@shulygalili @upwestvc @gilbenartzy 💙

[Asaf Horesh @AsafHoresh]

I will be in SuperVenture for the Keynote.. 🎉 April 8, 2024, at the Hilton Los Angeles Universal City, Los Angeles!

Register now and use the code FKR3555EMSPK to save 10%: https://t.co/PWX4kLIxOe

#SVUSWest @SuperReturn @Vintage_Inv

[Asaf Horesh @AsafHoresh]

(7/7) This reflects on the attractiveness of public companies over private companies. Once expectations for both VC investors and startup management align, we will likely see a surge in M&A activity in the private market 📈🔝 #VentureCapital #marketanalysis

[Asaf Horesh @AsafHoresh]

🚀 (1/7) Launching the final chapter of our venture market series: Exits - IPOs & M&As.
As we navigate through the closing and opening of market windows, what does the current exit landscape reveal?
🚀 Part 3/3 on the Venture Market!
#VentureCapital #VintgaeInvestmentPartners @Vintag@Vintage_Inv #marketanalysis

[Asaf Horesh @AsafHoresh]

🔮 (6/7) Despite a current slowdown, the M&A market is poised for a rebound? Strategic acquirers hold hundreds of $Bs on their balance sheet (as opposed to past downturns), and similarly financial sponsors that can leverage their capital. However, top strategic buyers are not executing deals (partially due to increased regulations), and sponsors are shifting towards take-privates, i.e., buying public and not private companies. #VentureCapital #marketanalysis

[Asaf Horesh @AsafHoresh]

(6/6) 🔮 With valuations and investments adjusting globally, we're turning our lens to Exits: IPOs and M&As. How will these valuation shifts impact future exit strategies?
Stay tuned for our next series on venture exits coming tomorrow!
#VentureCapital

[Asaf Horesh @AsafHoresh]

(1/6) The scarcity of mega-rounds has made tech unicorns into actual unicorns… mythical! i.e. the opposite of funding that was driven by funds “having to” deploy capital irrespective of what the companies needed. With a ~90% investment slowdown in the U.S., Europe, and Israel, impacting unicorn creation.

🚀 Part 2/3 on Venture Market, here we go! @Vintage_Inv

#VentureCapital #MarketAnalysis #VintgaeInvestmentPartners

[Asaf Horesh @AsafHoresh]

(5/6) What’s even more interesting is the gap in the early stage that has opened in the last couple of years. While most investors kept investing at Seed – all the Seed funds emerging in 2021 coupled with the multistage funds that were “pressed” to do so by the “tourists,” it has been much more challenging to raise a Series A.

Traditionally, 2.5x capital has been invested in series A over Seed in the U.S., but it has been less than 2x in the past couple of years. #VentureCapital

[Asaf Horesh @AsafHoresh]

@edsim @Boldstartvc @etdurbin @ellenchisa @shomikghosh21 🔥💙

[Asaf Horesh @AsafHoresh]

(8/8) Looking at the previous chart, one can learn that disciplined investors deployed slowly not only during 2020-2021 but also during 2022-2023.

Stay tuned for more analysis on the venture market with Unicorn/Funding Rounds Valuations tomorrow!
🔝📆
#VentureCapital #MarketAnalysis #VintgaeInvestmentPartners

[Asaf Horesh @AsafHoresh]

✏️ (1/8) Here are some key insights on the current market trends that we shared recently with our investors and partners 💡💰

Let's first explore the pulse of the VC landscape's direction, focusing on Macro VC and startup fundraising dynamics.

State of the Venture Market Part 1/3 🚀

@Vintage_Inv #VintgaeInvestmentPartners #VCAnalysis #MarketTrends

[Asaf Horesh @AsafHoresh]

(7/8) Drawing parallels between the dot-com era 1996-2003 and today’s 2016-2023, trajectory shows similar investment patterns.

Like in the dot-com, we've risen to a peak followed by 2 years of similar decline. Extrapolating from dot-com and considering the stabilization in prior slides, we are likely at or near the bottom. Which is basically the new/old normal.