Silicon Valley Bank analyzes the innovation economy’s reset in early 2023, emphasizing tighter funding, portfolio triage, and shifting exit paths. The discussion highlights slower late stage activity, a greater focus on runway and efficiency, and a tilt toward acquisitions while IPOs remain scarce. Strategic themes include capital discipline, selective sector exposure, and adapting to new cost of capital realities.
State of the Markets
Silicon Valley Bank
Research
33 Pages
Key Takeaways
Funding recalibration: Investors prioritize durable unit economics and extend runway as capital becomes more selective.
Exit mix shifts: M&A takes center stage while public listings pause, reshaping liquidity planning and timelines.
Operating discipline: Management teams streamline costs, refocus portfolios, and align hiring with realistic growth paths.
Join our newsletter to have all of this content + Exclusive Newsletter Bonus Content delivered to your inbox every week
