TLDR Founders · MISCELLANEOUS

THE IMPACT OF TARIFFS ON SERIES AS

tomtunguz.com2 min read

Summary from the TLDR Founders newsletter

Private market valuations follow public market trends but with a delay and reduced impact. Nasdaq returns influence Series A valuations, with changes manifesting six months later and explaining only 7.5% of the variance. Interest rates have a stronger correlation, significantly affecting venture activity as they drop.