In just the past six months, there have been dramatic shifts in the startup environment. For investors and entrepreneurs, the headlines signal choppy waters ahead—venture capital dollars are slowing, startups are raising less money this year as investors remain cautious, valuations are down and public companies have seen their shares drop by double-digits amid market volatility.
Current trends indicate a market correction is underway, Fierce Healthcare News reports. But some venture capital investors say they are excited about this market “reset,” as it represents an opportunity for mission-driven founders to thrive.
“I think this is one of the best times to be starting a company and one of the best times to be building responsibly,” said Hemant Taneja, managing partner at digital health venture capital firm General Catalyst said at Collision 2022, a tech conference taking place in Toronto this week. Read more.
