In The Trenches
MACRO MUSINGS WITH JAMIE MCGURK
RECORDED IN JUNE 2022.
Chris and Matt invited Jamie McGurk, General Partner at BAM Elevate, to share his expertise on the state of today’s market. Jamie currently oversees the private investment division of Balyasny Asset Management L.P.
“We focus on private markets, starting beyond the venture stage… think of us as early growth investors.”
Jamie discusses his broad view of the market today and where he has seen the biggest changes.
“In 2021, top-performing private companies that exited had really strong balance sheets. But many had operational expense plans that were wound up to match that. Now, some of that “unwind” will happen, but not for all of them.”
He talks about how the private growth funds have slowed down in competition and how that has impacted deal velocity over valuations (so far, anyway).
Jamie also covers valuation compression and what he sees happening across the board.
Check out Bam Elevate to learn more about their thesis.
Visit c2ventures.co to learn more about our portfolio companies.
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I met Mick Batyske years ago in Barcelona, and I was blown away by his incredible musical talent and entrepreneurial spirit. This guy has DJ’d for some of the biggest names: Cartier, Complex, GQ, Instagram, Jay-Z, LeBron James, Michelle Obama, Miguel, Prince, Spotify, Vanity Fair, and Will Smith. Not only is he one of the most requested DJs, but he is also an investor, speaker, podcaster, and devoted father.
In The Trenches with Chris Cunningham and Matt Olivo from C2 Ventures, an early-stage investment firm. In this episode, Chris and Matt are talking about the growth and innovation they are seeing in retail tech, specifically round brick-and-mortar retail.
“Often, we allow emotion to color our perspective on the situation. But you have to pay attention and separate that from your decision-making.” Phil Bronner, General Partner & Co-Founder of Ardent Venture Partners