Read The Global Startup Ecosystem Report of 2023 by Startup Genome to learn about what is currently happening in the Startup ecosystem. Some key findings include:
- The top three ecosystems have maintained their ranking positions from 2020, with Silicon Valley at the top, followed by New York City and London tied at #2. Silicon Valley continues to dominate despite having a reduced market share, with Series A deal amount contracting by 75% and Series B+ by 73% from 2021 to 2022.
- 2022 showed a slowdown in the number of unicorns, a global decline of 40% from 2021’s 595 to 359. However, seven ecosystems produced their first tech unicorn in 2022.
- A recession is a good time to invest in startups — high interest rates can benefit startups, concentrating capital and talent into ventures that create value. Startups funded during the Great Recession had slightly higher exit multiples over total money invested than those funded during economic expansions.
- VC funding globally began its downward trend in the first quarter of 2022, dropping 13% in amount raised from Q4 2021. Overall, 2022 declined by 35% from 2021.
- Although fewer startups were funded in 2022 globally, they received larger sums. There was an 18% decline in the number of deals, but a 17% decline in deal amount, meaning that the average deal size grew 2%.
