2023 Was Very Tough For Startups And Investors, Why And Where Do We Go From Here?

2 min read

Different parts of the world have fared very differently but sitting in Silicon Valley, overall 2023 has been a difficult year for both startups and investors. Three data points: Longer wait time between rounds, partly because VC funding this year has been its lowest since 2018. Funding in the third quarter is the lowest quarterly total raised in over five years in the US and Canada. More in the Business Insider article from Nov 10, 2023: “The great startup cash crunch is underway — and it’s forcing late-stage companies to face their demise.” Just about 1 in 5 companies have…...

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Amit Garg I have been in Silicon Valley for 20 years -- at Samsung NEXT Ventures, running my own startup (as of May 2019 a series D that has raised $120M and valued at $450M), at Norwest Ventures, and doing product and analytics at Google. My academic training is BS in computer science and MS in biomedical informatics, both from Stanford, and MBA from Harvard. I speak natively 3 languages, live carbon-neutral, am a 70.3 Ironman finisher, and have built a hospital in rural India serving 100,000 people.