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It’s at all times good to begin a brand new yr with a dose of optimism — so long as it’s warranted. After reviewing PitchBook’s newest evaluation, I’m beginning to rethink my expectations for seed-stage dealmaking in 2023, and perhaps you’ll, too. Let’s discover. — Anna
As 2022 got here to a detailed, I attempted to maintain my expectations in examine: If even Instacart was now not able to go public simply but, I needed to gear up for the dearth of tech IPOs to proceed within the first quarter and even the primary half of 2023.
Nevertheless, seed-stage enterprise capital exercise was one of many issues I felt fairly optimistic about for the brand new yr. Positive, public market woes had trickled down to non-public dealmaking. However whereas post-Collection A deal rely and deal quantity had been impacted, angel and seed-stage funding exercise appeared fairly steady.