Venture capitalists are trying to minimize losses from failed startups with some attempting to sell stakes in healthy companies with those of troubled ones.“Few venture capitalists do not have troubled startups in their portfolios,” said a major investment company’s head.“Many venture capitalists cannot afford to pay attention to new investments as they are trying to minimize losses from those troubled companies.”FEWER IPOSThe venture capital industry struggled to exit from the investments in startups as fewer of them succeeded in listings.
That compared with a year earlier and the first half of 2022 when 54 startups and 35 companies went out of their businesses, respectively.“Bankruptcies of not only companies without competitiveness but also firms considered healthy are increasing,” said a venture capital industry source.
Tridge Co., South Korea’s first agricultural product and food trading platform operator invested by SoftBank Group Corp., was in financial trouble as local startups continued to suffer the prolonged funding squeeze, while increasing risks to the venture capital industry.
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