Jim Clayton

Aug 23, 2024 | bdo.com | Hank Galligan |Jim Clayton

What Creating Value Today Could Mean for Tomorrow's ExitsAt the end of 2023, tech founders were optimistic that 2024 would be their year to IPO. Unfortunately, those hopes turned out to be premature — uncertainty around inflation, interest rate cuts, and the U.S. election have made for unfavorable market conditions. As a result, many companies chose to delay their planned IPOs — or consider other exits entirely.

Aug 30, 2023 | bdo.com | Hank Galligan |Jim Clayton

The second half of 2022 and the beginning of 2023 presented a thorny challenge for the tech industry as adverse market conditions slowed growth to a crawl, forcing tech companies to revisit their business models. At the same time, deal activity dropped due to declining valuations and financial uncertainty. What followed were months of cost reductions and layoffs as the tech industry struggled to kickstart growth and profitability. Fortunately, we seem to have turned a page.