The innovation economy has been nothing if not resilient. Consider some of the recent hurdles: trade turmoil and tariffs, fears of slowing global growth, increased regulatory scrutiny and an inverted yield curve. Together, these factors tested investor confidence over the first six months of 2019. Nevertheless, entrepreneurs keep innovating, and markets continue to climb higher.

Perhaps the best illustration has been the arrival of so many highly anticipated IPOs. After a brief U.S. federal government shutdown early in the year, March ushered in a flurry of high-profile unicorn IPOs, with enterprise businesses having success, while consumer-focused IPOs received a more lukewarm reception.

This year’s IPOs are expected to provide significant liquidity for employees and venture investors. It will be interesting to see how this release of capital and talent gets recycled back into the innovation economy.

While we acknowledge the uncertainties and risks, it remains an exciting time for tech. We still have a healthy backlog of unicorn companies looking to go public this year. As long as public markets remain buoyant, we expect venture to continue to thrive.