Startup companies in the US raised only $37 billion in venture capital during the first quarter of 2023. That's less than half what they raised during the tech boom a year ago:
Part of the reason for the slowdown is simply that booms don't last forever. Another part is that lots of current startups are just dumb. “Most of the companies we are handling now frankly deserved to have gone out of business a year or two ago,” said Barry Kallander, president of KallanderGroup, which provides corporate restructuring and dissolution services.
Maybe so. But they're going out of business now.