In 2023 VCs returned the lowest level of capital to their investors since 2011 | TechCrunch

In 2023, the U.S. VC industry invested $60 billion more into startups than it collected back in returns, marking the largest deficit in 26 years.

Despite the lack of exits, the past three years have seen the highest yearly totals of venture funding in the history of the industry.

U.S. VCs returned only $26 billion worth of shares to their investors in 2023, the lowest total since 2011.

There are signs that the exit market may begin to open up next year with potential IPOs from companies like Klarna and ServiceTitan.

Read at TechCrunch