Source:https:\/\/techcrunch.com\/2023\/06\/29\/startups-fundraising-trends-2023-h1\/<\/a><\/br>
\n11 VCs reveal how hard it was for their startups to fundraise in H1 2023<\/br>
\n2023-06-29 21:39:17<\/br><\/p>\n

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Everyone knows that<\/span> raising venture capital has been harder for startups lately \u2014 unless you are building an AI startup<\/a>, of course. But instead of only talking to founders, we\u2019re flipping the script today.<\/p>\n

We wanted to hear from investors how their portcos are handling a cash-light environment. To that end, TechCrunch+ recently asked 11 VCs how the first half of 2023 bore out for their investments.<\/p>\n

From their answers, it appears a startup\u2019s ability to fundraise in today\u2019s climate is based on several key factors, including capital efficiency, the market and its needs.<\/p>\n

How bad was H1 2023?<\/h2>\n

Menlo Ventures\u2019 Matt Murphy<\/a> was succinct when we asked how 2023 was shaping up for his firm\u2019s portfolio companies: \u201cFundraising is challenging, full stop.\u201d<\/p>\n

\u201cChallenging\u201d is a good descriptor. So is \u201cquiet,\u201d which is how Jason Lemkin<\/a> of SaaStr Fund put it. For Kaitlyn Doyle<\/a> of TechNexus Venture Collaborative, the year has been mostly \u201cflat rounds with companies trying to delay the valuation discussion.\u201d She added that the second quarter felt a lot like the first, with investors and startups taking a \u201cwait and see\u201d stance.<\/p>\n

Other investors had slightly brighter perspectives on H1 2023. Rex Salisbury<\/a> of Cambrian Ventures felt the narrative that \u201cthis is a terrible time to raise\u201d is simply not true, especially at the early stage. That sentiment matches what we\u2019ve seen thus far in the data: The earlier a startup goes out to raise a round, the better its chances of landing a strong valuation<\/a>. Indeed, the massive repricings of the public market are yet to trickle down to seed and pre-seed deals.<\/p>\n<\/p><\/div>\n

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Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/06\/29\/startups-fundraising-trends-2023-h1\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/29\/startups-fundraising-trends-2023-h1\/ 11 VCs reveal how hard it was for their startups to fundraise in H1 2023 2023-06-29 21:39:17 Everyone knows that raising venture capital has been harder for startups lately \u2014 unless you are building an AI startup, of course. But instead of only talking to founders, we\u2019re flipping the script today. We wanted to […]<\/p>\n","protected":false},"author":1,"featured_media":36041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-36040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n