The VC bubble has subsided and last year marked one of the most difficult on record to raise a Series A funding round.
As interest rates climbed and global uncertainty became pervasive, the growth-at-all-cost mindset evaporated and investors pivoted rapidly to favoring startups with strong revenue, capital efficiency and strong gross margins. This left a lot of companies in the wind with 2023 seeing the highest number of startup bankruptcies in a decade. READ MORE