Comment by pm90

12 hours ago

Investors will only invest in AI plays. They don’t seem to care for fintech.

Probably true, but our fintech still gets tons of unsolicited emails from growth equity shops. I don't respond because as you mentioned this sector is out of favor, and as such the multiples are not worth my time.

  • thats just top of funnel, the instant you respond the terms start to become very very unfriendly

    • Indeed, cold outreach is to get you excited and then once you're in the weeds, your value is going to get crammed down.

...and Blockchain!

  • Was this ever a thing?

    I know individual investors get pretty crazy for blockchain, but I don't recall any major companies doing big investments.

    At most, I was asked about it briefly, explained what the usecases were, and it never came up again.

    • > Was this ever a thing?

      At some point yes. Lots of large financial institutions had such projects. IBM e.g. was involved in quite a few of them.