The State of Venture Capital in 2023

2022 was a year of shock waves for the investment community and 2023 is full of unknowns. In our recent webinar, the panel – ​​Eugene Tetlow from Juniper Square, Sean Park from First Republic Bank, Jeff Bloom from Gunderson Dettmer, and Zack Ellison, CFA, CAIA from A.R.I. Venture Debt Opportunities Fund – discussed:

• The headwinds facing the VC industry and how 2023 will measure up to last year;

• Potential valuations and why they expect to see markdowns, especially for later-stage companies in Q1 and Q2 2023; and

• What it means for managers if fewer new investors are coming into the VC space.