State of the Markets
A review of the health and productivity of the innovation economy
US VC dry powder hit a new high in 2022. However, if the economy continues to tip down in 2023, we can expect delayed deployments.
US VC investment in 2022 was down 31% from the record high in 2021 but still the second highest year ever.
US VC-backed tech companies reduced net burn YoY in Q4 as they sought to extend runway, improve efficiency and reach profitability.