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How’s Venture Capital Changing in 2023

VC Cafe

By contrast, they backed 620 funds in the last three months of 2021 First time fund managers hit hard: In 2022, limited partners backed 141 funds run by first-time managers, a 59% decline from the prior year and the lowest number since 2013 How does the constrained LP environment manifest for funds and startups?

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2023 Global Venture Reports were Gloomy, but there are reasons to be optimistic

VC Cafe

And not a particular sector, but AI startups, in particular generative AI attracted close to $50 billion in funding last year, globally. Most of that funding went to foundational models like OpenAI, Anthropic and Inflection AI which collectively raised $18 billion in 2023. Generative AI is game changer.