back to article That sound you hear is VCs shutting wallets, tucking them back into Patagucci vests

Year-over-year global VC funding dropped precipitously in Q1 2023, with at least $76 billion (£61 billion) doled out to companies at all startup stages. That may sound like a lot but it's a 53 percent drop from the same time last year, reports funding tracker Crunchbase. And bear in mind, that $76 billion includes $10 billion …

  1. Yet Another Anonymous coward Silver badge

    Smart money

    The best time to start a new business that is going to take a few years to get to market - isn't when highly skilled engineers are being laid off, office space is cheap and people are cutting back on buying new products for a few years.

    The smart time to invest is only at the top of the market, when engineers have to bribed with $MM to work for you, rents are astronomical and the mega-corps are launching competing products today.

    1. pimppetgaeghsr Bronze badge

      Re: Smart money

      With the IPO market that was 2021 you are actually unironically correct.

  2. Anonymous Coward
    Anonymous Coward

    Pick up the pieces

    If this reticence results in fewer over-funded outfits that charge around breaking things, like Airbnb & Uber, I'm all for it.

  3. Anonymous Coward
    Anonymous Coward

    oh no, but how will dogs use their smartphones to order Chinese food now?

    Without VC-funded apps that change the world (tm)

    1. Fruit and Nutcase Silver badge

      Re: oh no, but how will dogs use their smartphones to order Chinese food now?

      The way they've always done - get on the dog and bone

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