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Venture Capital Down Significantly in Q1 2023: Here’s the Data to Know

byJeff Sloan
April 13, 2023

The results are out for how the U.S. venture capital market fared in the first quarter of 2023, and the news isn’t encouraging. For the fast-growth startup community whose lifeblood depends on available venture capital funding, it’s going to be harder to secure.

Startups around the globe raised a collective $58.6 billion in venture funding in the quarter— down 13% from the last quarter, according to data from CB Insights.

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Author
Jeff Sloan
Jeff Sloan is a visionary and entrepreneurial expert with a proficiency in creating and developing early stage companies. With over 30 years of experience, Jeff has truly lived the entrepreneurial journey and is dedicated to helping others realize their potential by bringing their ideas to life. Jeff serves as founder and CEO of StartupNation LLC., a multi-media company that provides educational and inspirational resources to aspiring entrepreneurs and existing small business owners. In his leading role with StartupNation, Jeff hosts the award-winning StartupNation Radio show on WJR AM 760 in Detroit, which has aired since 2004 in over 85 markets nationally. Jeff also hosts the daily WJR “Business Beat” segment live on air during the morning drive prime-time programming, in which he spotlights subject matter of interest to the entrepreneurial, startup and tech community.
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