TikTok? More Like Tick Tock ?
Happy Friday Jr. Welcome to The Chaos Coordinator! We are Brain Candy's snarky little sister, delivering carefully curated news happening across the industry (that you should probably care about) right to your inbox, with a hefty dose of irreverence.
?
In this issue, we dive into:?
What's happening in PE/VC?
A Letter to Venture Capitalists
Get it together <3.??
Dan Primack, author of the Axios Pro Rata newsletter, has quite a lot to say to today's Venture Capitalists. In an editor's note titled, "Dear venture capitalists: You're blowing it," Primack taps into his two decades worth of experience, which spans all the ups and all the downs of the market, to tell our friends in the industry 1) everything they are doing wrong and 2) to get their act together quickly. Primack highlights how the traditional VC model has become stagnant, with funds holding onto startups for longer periods, resulting in a liquidity drought for limited partners. He emphasizes the need for VCs to focus on exiting companies rather than hoarding them, as well as to stop blaming external factors for their shortcomings.?
Read the note here.
What's happening in Capital Markets
Cheers, Investment Bankers
Corporate dealmaking ????
Great news for investment bankers: after a lengthy period of market volatility and uncertainty, corporate dealmaking has surged, and as a result so has investment banking. This week, Goldman Sachs reported a 32% increase in investment banking revenue compared to the previous year, in spite of challenges like rising interest rates and risky loans. Corporate dealmakers and investment bankers are likely to stay busy. “More companies are in the pipeline to go public. More mergers and acquisitions are likely to take place this year, which also will drive investment-banking fees,” said Gerard Cassidy, a bank analyst at RBC Capital Markets. "Put another way, if investment bankers are getting a lot of calls," Cassidy said, "the economy’s probably looking pretty good."
?
Read more here.?
What's happening in Generative AI / Tech?
领英推荐
Good News for Those Who Were "A Pleasure to Have in Class"
And like to follow rules.?
The fintech industry is experiencing a surge in demand for senior execs who can guide their company towards growth, while complying with regulations and standards. As requirements for compliance and regulations rise in the sector, so is oversight by regulators, such as a small entity know as the government. The scrutiny is increasing in intensity as some players in the space draw closer to listing. Boards are searching frantically, as markets and technology continue to change just as quickly.?
Leaders in this industry need to be on top of their tech game whether it is cybersecurity, blockchain or AI. "Further, they need to grapple with innovation, rapid scale-up, building alliances and focus on sustained profitable growth. New frontiers are only hazily defined and this adds to the complexity," says the Economic Times. "This need is driven by fintech's unique position, where understanding both cutting-edge technology and intricate compliance standards is crucial for guiding companies towards sustainable growth amid rapid market evolution."
?
Read more here.?
What's happening in Marketing
Asset Managers say farewell to brand glory...
Media Sentiment is Down ??
In a turbulent year for asset management, brands faced a 25% dip in diagnostic scores, signaling challenges ahead. While industry giants like BlackRock, Vanguard, and Fidelity maintained resilience, smaller players grappled with negative momentum and a 31% drop in media sentiment. In the face of shrinking budgets and mounting pressures, asset managers are turning to digital battlegrounds to control their narratives and engage directly with investors. Despite the gloom, opportunities for creative storytelling offer a glimmer of hope in navigating the evolving brand landscape. As Josh Cole from Peregrine puts it, "The next 10 years will be a fabulous opportunity for firms willing to embrace creativity." So, in the midst of the chaos, asset managers are poised to reshape their narratives and thrive in an ever-changing market.
?
Read more here.?
Chaos Connections
Do you think you're up to date on what's happening in pop culture? Put your knowledge to the test and give Chaos Connections a whirl.
Like what you read? Share the wealth and forward to a friend!