2021 was record-breaking for the startup ecosystem. 2022 was a hard reset to more normal times. So where will the chips fall in 2023? With the year in full swing, predictions are coming in hot…but how much weight do these hold? We’ve rallied three VCs to dissect, debate, and debunk some of the top predictions for what the new year has in store – and how founders can prepare.
This wide-ranging discussion will explore the below predictions...and more.
- IPO markets will remain sluggish.
- More M&A activities as companies go bargain shopping.
- A reset in VC funding conditions will drive a back-to-basics approach. 2023 will be about nailing it, not scaling it.
- Fintech will remain hot despite the crypto winter, while cyber valuations will come down to earth.
- Compliance could be a focal point and will grow in complexity.
- 2023 will be an even ‘softer’ market for startup investments.
- Paul Naphtali, Managing Partner, Rampersand. Paul is the cofounder of Rampersand VC, an early stage Australian tech fund established in 2013 to help address the funding gap for Australian and Kiwi founders. He returned to Australia after several years working in Silicon Valley and the UK as a senior marketing and strategic communications exec and consultant for a number of successful venture-backed tech companies.
- Llew Jury, Managing Partner, Sprint Ventures. Llew is an Investor and Founding Managing Partner at Sprint Ventures, which mentors and invests in the very best early-stage companies and their founders. With 12 investments in our portfolio (and growing), Sprint Ventures provides deep mentoring, growth experience and networks to high margin growth companies that want to go global and build a better future.
- Rachel Yang, Partner, Giant Leap Ventures. Rachel is a Partner at Giant Leap, Australia’s first 100% impact venture capital fund backing mission-driven founders solving the world's most pressing problems and using business as a force for good across three themes: health and wellbeing, sustainable living and empowering people.
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