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Transcript: The Behind-the-Scenes Mess Now Facing the VC Industry

What falling valuations means for venture capital.

Pedestrians in front of the Nasdaq MarketSite in New York, US, on Wednesday, June 15, 2022. 

Pedestrians in front of the Nasdaq MarketSite in New York, US, on Wednesday, June 15, 2022. 

Photographer: Michael Nagle/Bloomberg

The plunge we've seen in tech stocks has had a predictable effect on private tech valuations. After 12 years of basically up only, we're now seeing a widespread retrenchment among VCs and their portfolio companies, who are being urged to conserve cash and hunker down. So what's really going on? And is there more than simply multiple compression? To learn more, we spoke with tech investor Tyler Tringas of the Calm Funds about the state of the market. Transcripts have been lightly edited for clarity

The Behind-the-Scenes Mess Now Facing...