If I had to characterize 2023, I’d say it was the year of the great venture divide. Many aspects of venture didn’t follow one trend, but instead saw the emergence of extremes on either side of the spectrum.
Most startups continued to struggle to fundraise, but if you happened to be building in AI or defense, you could pretty much raise money like it was still the high-flying market of 2021. Exits remained at their lowest level in years and we saw what might have been the largest startup acquisition of all time get abandoned due to regulatory concerns. And …
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