“Notable Capital’s Hans Tung Discusses Down Rounds, Venture Capital, and Fintech on TechCrunch’s Equity Podcast”

Notable Capital’s Hans Tung Discusses the Value of Down Rounds in Venture Capital

In the world of venture capital, the term “down round” can often send shivers down the spines of investors. However, for Hans Tung, managing partner at Notable Capital, formerly known as GGV Capital, down rounds are not something to fear. In a recent interview on TechCrunch’s Equity podcast, Hans shared his insights on why down rounds can actually make a lot of sense in the grand scheme of things.

With a portfolio that includes successful companies like Airbnb, StockX, and Slack, Hans emphasized that an IPO is just a milestone in the journey of a company, not the end game. He believes that focusing on generating a big outcome in the long run is more important than temporary fluctuations in valuation. In fact, data from PitchBook shows that nearly 11% of VC deals in September 2023 were down rounds, indicating that they are not uncommon in the industry.

Hans also expressed his optimism about the fintech sector and highlighted specific areas within fintech that have caught his attention. Additionally, he discussed the recent rebranding of GGV Capital to Notable Capital and Granite Asia, reflecting the evolving landscape of venture capital firms.

The interview with Hans Tung on the Equity podcast delves into these topics and more, offering valuable insights for investors and entrepreneurs alike. Stay tuned for more episodes of Equity, TechCrunch’s flagship podcast, to stay updated on the latest trends in the world of venture capital. Subscribe on Apple Podcasts, Overcast, Spotify, and other platforms to never miss an episode. You can also follow Equity on Twitter and Threads for additional content.

For those who prefer reading over listening, the full interview transcript is available on Simplecast. Don’t miss out on the valuable insights shared by Hans Tung and other industry experts on Equity podcast.