The tech sector is experiencing an unprecedented slowdown, but analysts see immense opportunities for startups that survive the downturn. Across the world, VC funding in 2022 plummeted by 35% from the previous year, according to a new study from Startup Genome and the Global Entrepreneurship Network (GEN). The Global Startup Ecosystem Report 2023(GSER 2023) also observed slowdowns in deal counts, exits, and unicorns. But a deeper dive unearths grounds for optimism. After a year of heavy market losses, inflation is now slowing and economic growth appears to be holding up. The headwinds remain challenging, but the GSER 2023 notes that…
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