2023 in a Nutshell
2 min readDec 11, 2023
Hello all, here are some of my bookmarks to review startup and VC world in 2023. I will try to summarize them at our annual event in January.
Bankrupts
- https://www.forbes.com/sites/dereksaul/2023/11/07/webankrupt-15-notable-companies-to-go-under-since-2022/?sh=52d4ddc677e6
- https://intellizence.com/insights/bankruptcy/leading-companies-filing-for-bankruptcy/
- https://www.uscourts.gov/news/2023/10/26/bankruptcy-filings-rise-13-percent
- https://www.reuters.com/markets/us/us-corporate-bankruptcies-highest-level-since-2010-2023-05-09/
- SVB https://www.axios.com/2023/03/18/silicon-valley-bank-timeline
- WeWork https://techcrunch.com/2023/11/07/wework-bankruptcy-business-bad/
Tech Layoffs
- https://news.crunchbase.com/layoffs/us-tech-layoffs-accumulating-amzn-goog
- https://news.crunchbase.com/startups/tech-layoffs/
- Early-stage hard tech firm Countdown Capital shutting down / Even VC firms and biotech companies are trimming jobs — Source
- All told, nearly 200,000 U.S. tech workers — in reality, likely many, many more — lost their jobs in 2023. That was more than double 2022’s total. Will 2024 offer some reprieve? Time will tell, but for now it looks like layoffs are continuing in the new year. — Source
Money Shortage / Interest Rates (Post-Pandemic & Wars)
- It wasn’t just the unicorn startups that were hurting in 2023’s dismal venture funding environment. In fact, early-stage investment declined more than any other funding stage in 2023, falling 40% year over year. We look at that and the other big numbers and trends with our exclusive global startup funding report. — Source
- Gaming deals — Source
- https://techcrunch.com/2023/11/27/european-startup-funding-halved-to-42b-in-2023-says-atomico/
- https://sifted.eu/articles/q3-european-vc-pitchbook
- https://techcrunch.com/2023/11/17/rising-interest-rates-monday-walkme/
- https://www.ft.com/content/f5e390c8-1957-4432-87b8-cb085bc16716
- https://www.fastcompany.com/90984752/venture-capital-vc-funding-2023-bloodbath-by-the-numbers
- https://sifted.eu/articles/european-vc-lp-relations-2023
- https://techcrunch.com/2023/11/15/the-time-to-triage-is-over/
- https://www.saastr.com/80-of-ipos-since-2020-are-broken/
- https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/global-venture-capital-investment-activity-plunges-to-4-year-low-78424866
- https://www.pioneerspost.com/news-views/20231107/vc-investment-impact-startups-plummets-worldwide-2023-dealroom-research
- The State of VC — https://docsend.com/view/e6nd457kgbg8zich
- https://news.crunchbase.com/venture/softbank-vision-fund-loss-openai-robotics-wework/
- https://investing1012dot0.substack.com/p/surviving-the-death-of-venture-capital
- https://kpmg.com/uk/en/home/insights/2023/10/venture-pulse-report.html
- https://news.crunchbase.com/venture/europe-startup-funding-q3-2023-data
- https://signalrankupdate.substack.com/p/state-of-the-series-b-ecosystem
IPO / SPAC
- https://pitchbook.com/news/articles/Europe-IPO-exits
- https://thehustle.co/the-spectacular-failure-of-spacs/
Government Act
- France : https://sifted.eu/articles/france-budget-2024-startups-news
- Germany : https://sifted.eu/articles/germany-1bn-fund-of-funds
VCT/VCIF (GSYF/ GSYO)
Diversity
Artificial Intelligence
- https://www.digitalnative.tech/p/the-mobile-revolution-vs-the-ai-revolution
- https://dealroom.co/guides/generative-ai
Secondaries / M&A / Exits
- https://pitchbook.com/news/articles/europe-direct-vc-secondaries-downturn
- https://sifted.eu/articles/france-startups-selling-at-big-discounts
- ‘Big Five’ tech companies step back from startup M&A
- The big slowdown: M&A numbers drop to post-recession lows
p.s. The image above created by AI.
