Predictions indicate that the ever-evolving Venture Market will adapt to changing times.
At Seismic Capital, we can say with confidence that 2023 was a great year for us. Among other things, we signed major agreements for two portfolio companies and rolled out our new look, setting the stage for an exciting 2024. The same can’t necessarily be said for conventional Venture Capital firms, many of which experienced turbulence as they tried to deal with fluctuating markets and economic trends. With the rockiness of 2023 in the rear-view mirror, however, many industry insiders are predicting that 2024 will be different – for the better.
One positive result of the market’s shifts in 2023 is that VC has been “right-sized”: gone are the days of funds throwing cash at startups willy-nilly, trying to get something to stick. In its stead, funds that carefully research and vet startups and founders are set up for a higher probability of success.