We are only days away from the end of the first quarter, putting us on the precipice of a welcome data flood. Beginning in early April, businesskinda.com+ will delve into information related to fundraising for startups in the first quarter.
But we’re impatient, so rather than wait for the private market data companies to drop their curated reports, we did our own research.
The picture that emerges from Q1 2023 enterprise data is one of a measured decline compared to the end of 2022. Given that we’re looking at Q1 information a bit early, there is of course some wiggle room in the numbers. And March brought what appeared to be a boomlet in domestic business activity, which could be an even better place if the latest bits of first-quarter earnings further bolster monthly totals.
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That said, the results of our preliminary analysis underscore just how far venture activity has fallen from year-ago totals and how unforgiving the venture capital market seems for late-stage startups. The largest private market technology companies are tense between declining venture capital totals and an exit market that is effectively shut down.
Let’s take a first look at the company’s Q1 results, including a monthly overview of investment trends for Q1 2023. Then we’ll get to the bottom of why “not as bad as we expected” of company activity is little consolation is for starving unicorns. To work!
What does the company look like in the first quarter of 2023?
Janice has been with businesskinda for 5 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesskinda team, Janice seeks to understand an audience before creating memorable, persuasive copy.