In the landscape of venture capital, relatively few firms appear to have navigated the turbulence of recent years as well as Index Ventures. Originating from Geneva as an investment focused initiative, the firm has transformed into a key player among European VCs, delivering consistent results even as the broader industry grapples with various challenges. This resilience was seemingly evident this past year, a time-period that marked substantial progress for Index Ventures, as indicated by notable exits and ...

Group 1 - A surge in interest for private companies is driven by successful initial public offerings (IPOs), particularly in the artificial intelligence (AI) sector [1][4] - Platforms for accredited investors are experiencing increased inquiries and trades related to pre-IPO companies, following notable gains from AI-related firms like CoreWeave Inc. and Figma Inc. [1][2] - The trading volume on private secondary markets, such as EquityZen Securities, more than doubled in Q3 compared to the previous year, indicating heightened investor interest [2] Group 2 - The number of publicly listed companies in the US has halved since 2000, while private, venture capital-backed companies have increased 25 times, highlighting a shift in the market landscape [5] - The value of private capital assets has grown to $22 trillion in 2024, more than doubling since 2012, reflecting the increasing importance of private markets [5] - AI-related firms are among the most sought-after on platforms like EquityZen, with investor appetite rising for both AI-native startups and established software firms integrating AI [6][7]

Core Insights - Adobe shares rose approximately 6% in extended trading following the release of fiscal third-quarter results that exceeded analysts' expectations [1] - The company's revenue increased by 11% year-over-year, reaching $5.99 billion compared to $5.41 billion in the same quarter last year [1] - Earnings per share were reported at $5.31, surpassing the expected $5.18 [3] Performance Comparison - As of Thursday's close, Adobe's stock has declined by 21% year-to-date, significantly underperforming its tech peers and the broader Nasdaq index, which has increased by 14% [2]