If you are a startup seeking to raise venture capital, if you are a funded startup seeking to raise a follow on round of venture capital, know this — the Venture Capital Winter of 2023 is upon you.
In evaluating this graph read carefully, this is funding currently being raised, not the amount of money in existing funds looking for deals, but it is a huuuuuuuuuuge precursor of what is ahead.
I am particularly struck by the precipitous nature of the change. It is like someone flipped a switch. It is only Q1 – 2023, so it could change. For the worse?
Good luck. Know what the money is doing at all times.
Never get mad at the money; it will change its mind.
