![]() ![]() In the face of this drop in deal volume, a number of startups closed up shop. ![]() No matter how you look at it, deal count still tumbled to its lowest level since 2016, indicating that investor appetite hasn’t bounced back from its quarters-long freefall. Without these Q1 deals, which collectively amounted to $16.5B, funding would have actually increased by 14% in Q2’23. This marked a 13% drop from Q1’23’s $69.7B, which was heavily inflated by multi-billion-dollar deals to OpenAI (confirmed following our last update) and Stripe. Global venture funding hit $60.5B in Q2’23. Startup Failure Post-Mortems 2023 (Q2’23 Update)
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