On this morning’s WJR Business Beat, Jeff shares a newly released PwC report on venture capital. The report details that funding increased 14 percent between Q4 2019 and Q1 2020. But while total funding in dollars rose quarter-over-quarter, the amount of funding going into a broad array of startup companies has gone down.
What does this tell us?
It tells us that venture capitalists are beginning to tighten their belts, and they’re focusing their investments on their existing companies.
Jeff analyzes further in this morning’s WJR Business Beat:
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“If you’re a startup company and you’re already in business, you better switch up your business plan now so you get off dependency of venture capital funding. It’s really going to tighten up over the next year or two. And if you’re thinking of starting a business, don’t build a business plan around getting near term venture capital for your growth.”
– Jeff Sloan
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