00:00Today, capital markets for tech companies have changed.
00:05Startups are staying private for nearly 13 years, almost double a decade ago,
00:11as investors demand profits, governance, and strategy, not just promises.
00:18IPOs are no longer the default.
00:21With stricter SEC rules, falling valuations, and investor pushback,
00:26many companies are choosing direct listings, strategic M&A, or simply staying private longer.
00:34Global hubs like India, Dubai, and Singapore are emerging as listing hotspots,
00:40while Hong Kong loses ground due to regulatory crackdowns,
00:45and politics now drives capital.
00:48Cepheus in the US, China's data laws, and Europe's ESG rules
00:53all reshape where and how tech firms raise money.
00:58In this new era, capital isn't just fuel,
01:02it's leverage, alignment, and strategy.
01:05The winners won't just build great tech,
01:08they'll master the art of navigating capital as a weapon for growth.
