Hey there! In this roundup, we delved into the final stats of 2023's venture landscape, layoff trends, and patterns of startup success. Subscribe so you don't miss the next one!
The challenges of 2023 in the venture capital industry become even more apparent. Pitchbook's recent calculation revealed that while the volume of venture deals in Europe for 2023 surpassed the 10-year average — on a positive note — the figures still took a significant hit compared to the previous two years.
To illustrate the scope of the downturn, consider these numbers:
For a visual breakdown, check out the graphs below👇
Check the Pitchbook report for a deeper insight.
In Q4 2023, European open-source startups claimed 25%, possibly 30%, of the top 20 spots in the ROSS Index, a ranking of trending open-source projects. Names like Wasp and Pythagora from Croatia, Tldraw and Trigger.dev from London, and Arc53 from Scotland took the lead.
Check the Tech.eu notice for a deeper insight.
The tech industry witnessed over 240,000 job losses in 2023 — a staggering 50% increase from 2022. While this worrying trend seemed to plateau, recent announcements from giants like TikTok and Google, as well as smaller startups, suggest otherwise.
This serves as another signal for investors — recession is an enduring process, and companies "are continuing to pivot from a growth mindset to one based on efficiency in the face of stubborn market conditions."
Check the Techcrunch list for a deeper insight.
Analyzing over 25,000 teams reveals:
Check Andre Retterath’s estimates for a deeper insight.
Cover image: Unsplash
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