[LapsangGuzzler]

> Participation has dropped from more than 550 deals and a quarterly peak of nearly $50 billion in 2021 to fewer than 200 deals and a quarterly peak of around $15 billion in 2023, Stanford wrote.

> As IVP's Tom Loverro so presciently pointed out back in January: Late 2023 and 2024 for startups will make the 2008 financial crisis "look quaint for startups."

I really hope that’s an exaggeration, but the funding trends do not look good.

[HPMOR]

The funding environment is fantastic still if you’re building a product and company that provides real people, real value. Creating a poor knockoff of pre-existing financial assets and marketing it as “revolutionary” is not creating real value for real people.

[bradhe]

> if you’re building a product and company that provides real people, real value

Ah shoot…this old thing again.

[mvkel]

And the IPOs in 2023/2024 will make up for it

[retrocryptid]

Will no one think of the poor VCs!