{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/9c40ee3343ef43d18b5f49491592fd22\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/9c40ee3343ef43d18b5f49491592fd22-e26b5f9df691e6c5.gif","duration":1758.912,"title":"Moneta H1 2026 Market Update","description":"This Loom provides Moneta’s first half 2026 market update, focusing on the February software market repricing and why it was cyclical rather than structural. Andrew McGurk explains that about $285 billion in software market value was erased in a single 48-hour window in February, part of nearly $2 trillion wiped from the sector since its October peak, driven by fears that later proved wrong. He notes public markets have largely recovered by late spring after Q1 earnings ended the panic, while private markets continued deploying capital, with U.S. venture funding in the first half of 2026 setting a record and about 90% of Q1 dollars going to AI. The discussion frames this multiple compression as something Moneta will account for in how Fund 3 deploys next."}