Crashing Public MarketsAccording to Pai, the public market has a direct relationship with the startup ecosystem.
He explained that most of the money which flows towards the startup ecosystem comes from public markets.
“The source of funding of all startups and venture capitals (VC) is a public market,” he added.
Most of the wealth accumulated in the public market, in the last 10 years, has been eroded,” he added.
Right now several term sheets are being pulled off,” Pai added. | To read full story, visit https://startuparound.com/read/1586145605.3062398/Term-Sheets-Are-Being-Pulled-As-Public-Markets-Crash,-Siddarth-Pai?ref=audio_experience