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Startup Genome: 2022 was tough but a recession is a great time to invest in tech


The tech sector is experiencing an unprecedented slowdown, but analysts see immense opportunities for startups that survive the downturn. Across the world, VC funding in 2022 plummeted by 35% from the previous year, according to a new study from Startup Genome and the Global Entrepreneurship Network (GEN). The Global Startup Ecosystem Report 2023 (GSER 2023) also observed slowdowns in deal counts, exits, and unicorns. But a deeper dive unearths grounds for optimism. After a year of heavy market losses, inflation is now slowing and economic growth appears to be holding up. The headwinds remain challenging, but the GSER 2023 notes that…

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