Summer Winds Down
What a summer it has been.
I was pulled down a rabbit hole of a construction project. Remarkable that I still like building and design. Beginning to see the light on this particular project but definitely not there yet. It was an all-consuming summer that took over my head and my attitude. Not pretty but there are always silver linings to anything.
I always ponder this time of the year about the year ahead. To me, September is really the start of the year. I fear I have become jaded in the world of investing. What I am seeing is stupid early stage valuations that I just can’t get my head around. How a company is worth $7m without a real product is beyond me. It says something about the bigger picture of the start-up world. More players, more money, more of the same but perhaps a name brand behind it and higher valuations. It is so reminiscent of the 90’s. There are always a few gems in the rough and I would bet on a few investors finding them but not all of them.
The world is in turmoil. The market has been high for too long. A down market is on the horizon and I am not sure when it is going to show up but it is going to show up. I fear it will show up in a heartbeat and a lot will come tumbling down.
I am an optimist at heart. Always have been. This rant sounds extremely doom and gloom but it is more realistic than anything else. We are in strange times. The good news is that women are finally having an equal voice at any table and it is long overdue. I am excited about the companies I have invested in and many of them are finally finding their path. It doesn’t happen overnight. I am going to dig deeper into other projects we have in our queue. And who knows, maybe I will open that chocolate chip cookie shop…..