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The Hustle Daily Show

Funding your startup is harder than ever now (thanks, VC firms)

Apr 19, 2024
Explore the challenging landscape of startup funding in 2024 with a decline in VC investments. Discover why VC firms are burnt out and which startups are still getting funded. Plus, get insights on 23andMe going private and Taylor Swift's lucrative new album.
15:49

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Quick takeaways

  • VC funding for startups has significantly decreased in recent years, making it more challenging for founders to secure funding.
  • Accessing funding opportunities has become more varied and accessible for startup founders through platforms like AngelList and niche platforms for specific demographics.

Deep dives

A Shift in Venture Capital Investments

Venture capital funding for startups has significantly decreased over the past few years, with investments dropping from nearly $700 billion in 2021 to $285 billion last year. This decline has made it more challenging for founders to secure funding. The trend continues in 2024, with Q1 global startup funding totaling $66 billion, similar to 2023. Despite the overall decrease in funding, specific industries like biotech, healthcare, and AI continue to attract substantial investment.

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