Canva downgrade triggers rethinking of assessments for local technology
“We took a synthetic position to gain exposure to Canva and the best way to do that is through some Blackbird funding,” he said. “When a fund is revalued, we will reflect that value. “So the returns we’ve shown to date will be diminishing, but our internal rate of return is close to triple digits. Meanwhile it will settle back now [after Blackbird marking down its funds]it’s only going back 5 percent to 10 percent… we’re comfortably up in no time.” Self-honest founders and true entrepreneurs know that at some point, they have to make a profit. — Paul Wilson, Baidor. In addition to lowering Canva by 36 percent, Blackbird cut the value of some of their funds by 30 percent compared to the previous quarter. However, Jasper said positions at Blackbird were an exception, and SecondQuarter was comfortable with other investment valuations. SecondQuarter’s portfolio includes Edrolo and Go1, both of which have stepped up new chapters in the last two months, but also Culture Amp and SafetyCultu