The Road Ahead
Theme of the Week
The data for Q2 indicates a potential bottom in the venture market was reached in Q1’23. Valuation data for all stages (except Series D) showed improvements from Q1, driven by increases in valuation for later-stage venture. Meanwhile, early-stage deal activity is decelerating.
Market Insights
Q2 2023 Quarterly Fintech Insights (FT Partners)
‘Tidal Wave’ of down rounds hits startups (The Information)
Getting beyond your Seed round (LinkedIn – Peter Walker)
VC Fundraises
Goodwater Capital snags $1B across two new funds, despite cooling interest in consumer tech (TechCrunch)
Coatue raises $331M for early-stage fund, 34% below target (The Information)
Fintech VC firm Ribbit Capital raises $800 million fund (The Information)
VC Insights
Pro take: Insider rounds could hurt returns for venture investors (WSJ)
How this ends (part three) (AVC – Fred Wilson)
The most common go-to-market questions this expert gets from early founders (First Round Capital)