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Nothing much. Hopefully the 2023 fundraising environment will be better for startups than last year. It doesn’t seem like it’s going to get worse before it gets better – even in the early stages, it’s been widely covered by this point.
But a frosty environment can be a good thing for new companies that can reflect the current conditions and build business models that can thrive on venture capital.
While some sectors, like space and defense or manufacturing, need to raise a lot of capital to build viable businesses, most don’t — but that hasn’t stopped companies from raking in record-breaking dollars over the past few years. But many startups are better off just raising the small amount they’re getting now.
“I can’t tell you how many companies I’ve talked to that are in dire straits,” said Rachel Ten Brink, a general partner focused on pre-seed. Red Bike Capital, TechCrunch said. They started in 2017 and raised 100x revenue. It is a SaaS company; What are you doing here?”
But now that funding isn’t easy to come by, early-stage founders may have a chance to avoid some of those pitfalls.
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