Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today!

Quote of the day

“(V)aluations in the private markets, particularly the late-stage private markets, can sometimes be irrational. Public market valuations, certainly after a stock has traded for a material amount of time and lockups have come off, are much more rational.” – Fred Wilson

Chart of the day

European equities have lagged US stocks by 20% over the past year.  (Bloomberg)