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Startup Europe — The Sifted Podcast

HSBC’s Sonya Iovieno on undisclosed down rounds, startups trimming headcount and SVB’s collapse

Nov 23, 2023
Head of venture and growth at HSBC Innovation Banking, Sonya Iovieno, discusses undisclosed down rounds, startups trimming headcount, and SVB's collapse. Topics include the impact of changing interest rates on startup valuations, the popularity of debt as a capital source, founder concerns and talent acquisition, VC finances and return models, and the financing of startups and SVB's acquisition by HSBC.
38:44

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Podcast summary created with Snipd AI

Quick takeaways

  • Venture capitalists predict a market opening in the second half of next year, with a focus on investing in Series B and Series C companies in hot areas like enterprise software, climate tech, AI, and life sciences.
  • Startups are increasingly turning to debt financing as an alternative source of capital, due to closed or soft equity markets, lower dilution, and lower cost of capital offered by debt.

Deep dives

Market Outlook for Next Year

Venture capitalists predict that the market will start to open up in the second half of next year, with a focus on investing in Series B and Series C companies in hot areas like enterprise software, climate tech, AI, and life sciences.

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