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VC’s day of reckoning looms

Daniel Rasmussen writes for the Financial Times

The author of this article is the founder and chief investment officer of Verdad Advisers

Tech investors face a sharp reversal in 2022 after clearly outperforming the broader market for about a decade, peaking during the COVID-19 boom. The Nasdaq was down 29.5% and the Goldman Sachs Unprofitable Tech index was down 52% through the end of June.

Oddly enough, however, the tech market’s…

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