Venture capitalists are currently facing significant challenges as the startup landscape experiences a downturn marked by fewer IPOs, high interest rates, and regulatory hurdles.
In 2023, the venture capital industry faced its worst profitability since 2011, with a staggering drop-off in exits, highlighting the stark contrast since the IPO boom of 2021.
Venture firms invested $86 billion but only recouped $26 billion, marking the largest shortfall since data tracking by Pitchbook began in 1998.
The high stakes of venture capital are reflected in the current market conditions, where IPO activity is at a slow crawl compared to previous years.
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