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European Startup Venture Downturn in 2023
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2023 witnessed a significant decline in European venture capital, with a near-46% drop in deal value and a 20% reduction in the number of deals. Climate tech startups emerged as the sole exception, securing the largest deals. Exit activity plummeted, with acquisitions being the majority. VC fundraising also faced challenges. Despite these challenges, some anticipate a potential recovery in 2024, with increased M&A activity and VC fundraising.
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How might the potential recovery in 2024 impact the overall startup ecosystem?
What factors contributed to the significant decline in European venture capital in 2023?
What strategies can startups employ to navigate the challenges in the current venture capital landscape?
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