Equity 2022: The good, the bad, and the wake-up calls
Dec 9, 2022
The year 2022 was a rollercoaster for startups, starting with a venture capital boom and quickly facing a downturn. We witnessed layoffs in the fintech sector and a notable crypto crisis, punctuated by bankruptcies and job losses. The acquisition of Figma by Adobe sparked mixed emotions, reflecting a complicated landscape for startups. The hosts share insights and predictions for the future, aiming to navigate the challenges ahead with optimism despite the turbulent year. Get inspired and informed as they break down the highs and lows of a captivating year.
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Fintech Funding Correction
- Fintech funding saw a significant drop, reaching its lowest point since Q1 2020.
- Despite the drop, fintech remains the most invested industry, suggesting a market correction rather than a collapse.
Emerging Fund Manager Departures
- Cindy Thomas, Megan Loyst, and Terry Burns, all prominent figures in venture capital, left established firms in 2022.
- Their departures highlight a trend of emerging fund managers reevaluating their career paths.
Transparency in VC
- Turner Novak, founder of Banana Capital, closed his second fund and shared the news with unusual transparency.
- He openly discussed markdowns and fund strategy, signaling a potential shift towards greater openness in VC.