Fintech VC Says Days of Huge Rounds and Ballooning Valuations are Over

The founders of the venture capital firm behind the likes of fintech firms Dave, Digit, Joust, Point and Scratch, has said the days of mega rounds may be coming to an end; Ryan Falvey and Tyler Griffin, co-founders and managing partners of Financial Venture Studio, explained their reasoning in a recent letter to their LPs saying that there will be a return to “thesis driven models” of investing; part of the issue lies in the inability of VCs to coordinate and network with each other today at social gatherings to identify potential winners, as was the case previously; from the letter: “We believe that this return to thesis- driven investing will benefit smaller specialist funds like ours, which can find and support compelling teams, complete thorough early diligence, and telegraph quality to larger multi-stage funds.” Business Insider.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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