Startup funding in the second quarter of 2023 declined by over half its value since last year, falling to $10 billion. Pitchbook Lead VC Analyst Kyle Stanford sits down with Yahoo Finance Live to discuss the environment for companies seeking venture capitalist support funding. 'There's 51,000 private VC-backed companies right now and then there's also... maybe about half as much capital, and so these companies are trying to find a way to move forward,' Stanford says on the struggle to access capital funds. Stanford breaks down the closure rates of U.S. VC deals in the past several years and which industries may be seeing the most consistent stream of capital injected into them. 'We actually haven't seen a rate of closures really increasing in the data, we have seen an increase in down rounds,' Stanford details, adding: 'If nothing changes in the exit market, we would expect some closures, probably now and toward the end of this year. We do expect a lot of kind of startup-to-startup M&A to kind of consolidate in some of these markets.' Stanford also comments on the wide-ranging success of Kim Kardashian's shapewear brand Skims and its ability to continue to garner funding for its direct-to-consumer business.
Startup funding in the second quarter of 2023 declined by over half its value since last year, falling to $10 billion. Pitchbook Lead VC Analyst Kyle Stanford sits down with Yahoo Finance Live to discuss the environment for companies seeking venture capitalist support funding.
"There's 51,000 private VC-backed companies right now and then there's also... maybe about half as much capital, and so these companies are trying to find a way to move forward," Stanford says on the struggle to access capital funds. Stanford breaks down the closure rates of U.S. VC deals in the past several years and which industries may be seeing the most consistent stream of capital injected into them.
"We actually haven't seen a rate of closures really increasing in the data, we have seen an increase in down rounds," Stanford details, adding:"If nothing changes in the exit market, we would expect some closures, probably now and toward the end of this year. We do expect a lot of kind of startup-to-startup M&A to kind of consolidate in some of these markets."and its ability to continue to garner funding for its direct-to-consumer business.
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