Instead of traditional venture capital firms investing in startups from PowerPoint to IPO, there are angel investors and seed rounds on one end and
traditional public market investors investing in private unicorn rounds on the other, with venture capital firms somewhere in the middle.
Not exact matches
So the earned
public markets returns have mostly gone not to
traditional «buy and hold» (usually smaller)
investors, but to traders using leverage and derivative strategies to «game» returns.
Additionally, Monday is a
public holiday in the mainland — the
traditional Dragon Boat festival — and many
investors probably sought to cash out of their riskier trades, given the recent
market volatility.