Hans Tung, managing partner at Notable Capital, shares his views on the current state of venture capital.
Despite recent down-rounds, Tung remains bullish on the long-term prospects of companies, emphasizing the importance of focusing on scale and value creation. He highlights the overvaluation in the AI sector while urging founders to manage their businesses effectively. Notable Capital’s pace of investment has returned to 2022 levels, with a slowdown among firms affected by excessive investments in 2021. However, Tung maintains optimism about the fintech sector, despite a recent funding decline, due to its vast growth potential relative to the traditional financial services industry.