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Having been at the forefront of the dot-com boom, 9/11, and the financial crisis of 2008, Jason knows what it takes to survive this downturn. In general, companies can expect to come out of accelerators at half the valuation they would otherwise have in favorable economicenvironments.
We have not seen a sharp increase in unemployment — as of May 2022, unemployment was just 3.6%, compared to 5% at the start and 10% at its peak during the 2008 recession — largely due to the tight labor market that emerged from the pandemic and the Great Resignation. In fact, one of our companies had their best quarter on record in Q2.
2022: The Aftermath In 2022 war, inflation, rising interest rates and a tougher economicenvironment–one not buoyed by historically low interest rates–brought an end to the long-term bull market in assets (the “everything bubble”), including startup capital. Recovery from the 2008 Great Recession took two years and was relatively weak.
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