Venture capital invested into startups in 2024 is expected to rebound thanks to positive economic signals but only to a level similar to 2020, according to the 2024 U.S. Venture Capital Outlook published early Tuesday by PitchBook Data Inc.

The report details that though 2023 held a few surprises, notable among them the collapse of Silicon Valley Bank in March, there was little disruption in the market overall. A few high-profile initial public offerings, including Arm Holdings PLC and Instacart, generated little momentum for the market, further securing 2023 as a poor one for exits. Then, thrown into the mix was the clown show at OpenAI as Chief Executive Sam Altman was fired and rehired over the space of a few days. READ MORE