Tech has been arguably overdue for a correction of sorts, not unlike high finance during the 2008 Great Recession. And VCs have tightened their belts in anticipation of the impending downturn mixed with high inflation. This has culminated in investors focusing on quality versus quantity in terms of startup deals. Cheap capital won’t be as plentiful as they were nearly a year ago. According to PitchBook, the squeeze on venture capital has quickly translated to a more investor-friendly environment as entrepreneurs compete for a smaller aggregate pool of funds. Commensurately, the median valuation step ups have dramatically begun to revert to the mean of the past five years as well. READ MORE