SharesPost Index: Private Tech Growth Companies Rise 4.7% In Third Quarter of 2018
The performance of late-stage, venture-backed tech companies trailed the S&P 500 and Dow Jones Technology Index in the third quarter of 2018, but the asset class is outperforming both benchmarks through the first three quarters of 2018, according to the SharesPost U.S. Private Growth Index .
Preliminary data for the fourth quarter of 2018 also indicate that the SharesPost Index, which tracks valuations of more than 100 private tech growth companies, outperformed both equity benchmarks.
"Growth moderated in the third quarter of 2018 after very strong performance in the second quarter, which was the best in the three-year history of the Index," said Managing Director Rohit Kulkarni , Head of Research for SharesPost, I...