<ul><li>Startups experienced a challenging year with failures and closures increasing compared to the year prior.</li><li>Raising a downround proved difficult in a scarce capital environment.</li><li>Female founders continue to be impacted by the women founder penalty.</li><li>Venture capital experienced consolidation with 75% of LP capital going to only 30 firms this year.</li><li>Political assassinations made a comeback with the assassination of rival Alexei Navalny by Vladimir Putin.</li><li>The world is nervous with ongoing conflicts and uncertainty around the impact of the new US administration.</li><li>Culture and art offered a temporary solution to counter reality with the success of Taylor Swift’s Eras tour, which grossed $2Bn in ticket sales.</li><li>The tour provided moments of freedom, joy, and safety in the midst of chaos and ugliness.</li><li>Wishing everyone a joyful and safe holiday season.</li><li>The author predicts a cold winter for many entrepreneurs and a bias towards generalist funds instead of funds with sector focus.</li></ul>

Reality Bites — 2024 wrap up

Discover more