B Capital Group, the investment firm run by Facebook co-founder Eduardo Saverin, expects startups to suffer from a fundraising drought until 2024 as turbulence in the financial markets persists.
Entrepreneurs will “have to make their capital last 18 months,” Raj Ganguly, B Capital’s co-founder and managing partner, said in an interview with Bloomberg Television’s Haslinda Amin and Shery Ahn in Singapore on Friday on the sidelines of the Milken Institute Asia Summit. “We see this period of volatility continuing through the end of 2023 and companies have to survive with the capital that they have.”
WATCH: Raj Gangul of B Capital discusses capital flows, the opportunities he sees, the prospects for IPOs in Asia and the priority areas for the VC firm.
Source: Bloomberg
Raj Ganguly
Source: B Capital Group
