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Equity
How can venture capital survive a three-year liquidity drop?
Jan 27, 2024
Gené Teare, venture capital data expert, discusses the state of venture capital funding in 2023, challenges in reaching Series A funding, sustainable valuations, investment trends in AI and Web 3 sectors, venture capital funding in 2024, and the use of AI to make data more useful and track the venture ecosystem.
32:40
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Quick takeaways
- Venture funding in 2023 experienced a significant decline, with total global investment reaching the lowest level since 2018, but it's worth noting that 2023 funding levels were still around 20% higher than pre-pandemic years.
- The decline in funding in 2023 was accompanied by a shift towards seed funding as investors focused on earlier stages, leading to improved metrics and quality of companies, although Series A funding became more challenging.
Deep dives
Venture funding in 2023 reaches lowest level since 2018
Venture funding in 2023 experienced a significant decline, with total global investment reaching the lowest level since 2018. The year saw a 38% decrease in funding, amounting to $285 billion globally. This decline was consistent across different stages, with early stage funding down more than 40%, late stage funding down 37%, and seed funding down just over 30%. The drop in early stage funding was particularly surprising, as it was expected that investments would shift towards earlier stages, but instead, investors focused more on seed funding. While the decrease in funding is concerning, it is worth noting that 2023 funding levels were still around 20% higher than pre-pandemic years.
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