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Ted Leonsis is a nationally renowned entrepreneur, investor, and business-builder. He sits on the board of directors of several leading companies, ranging from American Express to Groupon. Ted has been involved with Revolution Growth since its founding, and is an investor in and Chairman of Revolution Money and AddThis.
The Great Wayne Gretzky once said, “I skate to where the puck is going to be, not where it’s been.” He was talking about hockey, but in reality it’s relevant in almost all facets of life. 2012 was an eventful year full of ups and downs. The domestic housing market took an upward turn, but international events and budget issues in D.C. pulled us back as we entered 2013. Looking at my crystal ball, there are a number of trends I see happening for the rest of the year. I predict the economy will show signs of improvement with investors eager to deploy capital, but this may be the Year of Fallen Angels—overfunded, overvalued, overhyped companies are going to struggle to raise the additional capital they need.