The Data Dive
Datacenter Construction, Popular AI Models, Small Caps, Ship Losses, SaaS Multiples, Bridge Funding, Fraud, Blockchain Scalability and VC Fund Decline
Knowledge is a process of piling up facts; wisdom lies in their simplification.
—Martin H. Fischer
AI
Private data center construction is booming.
Via - Mary Meekers Bond Cap Report
AI ADOPTION
Companies adopt multiple AI model strategies.
Via – ICONIQ
VALUATION DIVERGENCE
Small caps become more attractive.
Via – AQR
MARINE DANGER
Ship and crew losses decline globally.
Via - EMSA
VALUATIONS BOUNCE BACK
Software multiples return to historical norms.
Via – Goldman Sachs
BRIDGE FINANCING
Seed startups raising bridge rounds rarely scale.
Via - Carta
FRAUD TRENDS
Consumer fraud reports have risen since 2002.
Via - FTC
SCALABILITY ISSUES?
Blockchain congestion and fragmentation hinder growth according to BIS.
Via – BIS
FEWER VC FIRMS
Number of active venture firms drop sharply.
Via – FT
DEBT DRAG
US leads in Interest-to-Revenue burden among OECD.
Via - UBS











On the VC one - I would say we are seeing less generalist funds (Unless they are mega funds) and more specialized fund; i.e. More technical GPs tackling specific niches. That way, they can give more tailored support.
So, 2 types of funds: Mega generalist funds and specialized boutique VCs. No small sector agnostic fund in a few years.