PitchBook report looks at first half of 2024
Venture Capitalists and founders went into 2024 hoping for the best but preparing for the worst — and got something in between.
At the stroke of midnight this Sunday, we will be halfway through calendar year 2024, so you might expect that several prognosticators would be looking back at their predictions from late December or early January.
One of those is PitchBook which issued its 2024 US Venture Capital Outlook: Midyear Update last week.
According to the report’s preview, “VCs (Venture Capitalists) and founders went into 2024 hoping for the best but preparing for the worst — and got something in between. Much-anticipated tech IPOs (Initial Public Offerings) like those of Stripe and Databricks are still works in progress, and as AI (artificial intelligence) has occupied investors’ attention, founders in other sectors search for capital.
“Our analyst outlooks at the end of 2023 noted a likely increasing share of insider-led rounds as well as a decline in active U.S. unicorns and their aggregate post-money valuation. As many investors wonder how long the VC headwinds will last, our analysts adjust those outlooks to the current environment and set a course for the quarters ahead.”
The mid-2024 analysis can be downloaded at this link.
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