This year it will be considered. Being a venture-capital wasteland, especially compared to the high profits of the 2021 cycle. And yet.
New data from PitchBook, which provides a first look at venture capital totals in the United States in Q3 2022, makes it a little harder to square the facts with the dominant narrative. Data suggests that US venture capital was perfectly healthy in the third quarter and 2022 was a good year.
There’s something different we’re talking about, but the doom-and-gloom narrative is an indictment of the current landscape of startup valuations, when we recognize that it may be more price control than investors. We made a similar point in July when looking at Q2 data.
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If the first quarter of 2022 was strong, the second was not as disappointing as expected, and Q3 is continuing – then we must admit that, at one point, the market for large corporate capital movements is slowing down, but less threatening. Enter recession.
