VC Fundraising Was Tight Before SVB, Says Portage CEO

What were the two main factors affecting the market before the event?

• Challenges in private markets and GP's concerns about raising capital

• Increased competition and regulatory changes

• High interest rates and inflation

• Technological advancements and globalization

How did private companies respond to the tight market conditions?

• By using venture debt to extend their runways

• By reducing their workforce

• By expanding into new markets

• By increasing their marketing budgets

What is the main difference between public and private markets as discussed?

• Public markets are more volatile than private markets

• Private markets are more regulated than public markets

• Private markets have higher liquidity than public markets

• Public market multiples fell faster than private market multiples

What does structured equity offer compared to preferred or common securities?

• More flexibility

• Better governance

• Higher returns

• Lower risk

How many NDAs did the firm enter into in the last four months?

• 200

• 150

• 100

• 50

Which sector is mentioned as having balance sheet intensity?

• Banking

• Insurance

• Wealth management

• Fintech

What is a concern mentioned regarding consumer-facing plays?

• Resiliency of the consumer and access to capital

• Technological obsolescence

• Market saturation

• Regulatory compliance