Pitchbook produced an interesting report recently showing the impact of the private capital market reset that is underway on startups – by sector.
Key takeaways:
1. Deal value and deal count were DOWN across the board – except for Crypto/Blockchain which held serve year over year (2021 vs 2022).
2. Deal valuations were flat or UP across the board – except for Agtech. Climate Tech and Health Tech had the best valuation improvements year over year.
Of course, this is looking in the rear view mirror and does not predict 2023 impacts.
But as reported before, seed and “A” stage startups have been insulated the most from the reset. I anticipate this to continue into the new year and throughout. Having said that, we will need to be aggressive getting and holding investor attention during our campaigns.
David Karabinos | CEO | Healthcare Technology Strategist
www.DavidKarabinosAdvisory.com