Swedish venture capitalist expects downturn for investments in tech startups
"The mood in the market is different now," says partner of Northzone. Following the failed IPO of American office hotel Wework, one of Sweden's best-known venture capitalists predicts for the bar on investments to be raised - however, an upcoming recession could actually prove a positive factor for startup companies.
After the failed and canceled IPO of US office hotel Wework in late September, Swedish tech companies seem to postpone their listings and the market now expects a recession, reports Swedish business daily Dagens Industri.
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