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RECESSION: CRYPTO: Readers are betting on the growth of blockchain technology. M&A: Readers predict some major acquisitions in the coming year. IPOS: Readers expect 2019 to be a strong year for tech IPOs. STARTUPS: Readers predict more money to chase even fewer deals in 2019. GLOBAL: Readers predict it’ll be a challenging year for global markets.
Term Sheet readers predict an economic downturn in 2019.
“Softbank announces they will not do another Vision Fund and we start to see large GPs raise smaller funds than the 2016-2018 vintages. All this from experiencing first hand the phenomenon of diminishing returns as fund size increases. I think the toxicity of Saudi money is part of it, but more than anything I think that many of the companies they invested in are now over-capitalized and will suffer as a result. Not all, but I think many will have a lack of fiscal discipline that comes from too much easy money.”
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