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It’s always good to start a new year with optimism – as long as it’s warranted. After reviewing PitchBook’s latest analysis, I’m starting to reconsider my expectations for a seed-level deal in 2023, and maybe you will. as well. Let’s investigate. – Anna
The pressure to come?
In the year At the end of 2022, I tried to control my expectations: If Instacart wasn’t even ready to go public yet, I had to prepare for a dearth of tech IPOs to continue in the first quarter or so. Half of 2023.
However, seed-level capital activity is one of the things I feel reasonably optimistic about for the new year. Indeed, public market problems were reduced to private negotiations. But when factoring in the number of post-series deals and deal size, angel and seed-level investment activity seems pretty stable.