This is despite a reported 11% gain for venture funding across sectors.its quarterly VC report highlighting activity for Q1 2024. The firm called the quarter a “mixed bag for the venture market,” citing eight straight quarters of decline in equity deals as a negative factor. This was somewhat offset by gains from a handful of massive deals includingVenture funding for Q1 2024 reached $58.4 billion, according to the report, this is a net quarter-over-quarter gain of 11% against Q4 2023’s $52.
Losses were reflected in the number of new unicorns — billion-dollar startups — hitting only 19 for the quarter. The previous quarter brough in 23, indicating around a 17% decrease quarter-over-quarter to start 2024.Fintech didn’t fare as well as other VC sectors in Q1 2024. Per the report, funding fell 16% quarter-over-quarter between Q4 2023 and Q1 2024 bringing the current fintech venture market in line with 2017’s.
In the United States, the primary geographic funding arena for venture capital in the fintech sector, this decline coincided with increasedMeanwhile, Q1 2024 has seen unprecedented highs for Bitcoin as well as a market cap high for the quarter for all cryptocurrencies of $2.9 trillion —predicting a lift of as much as 160%
in price, bringing BTC from its current mark of about $70K to somewhere around $150K. Other analysts, however, recently called the halving1 in 6 new Base meme coins are scams, 91% have vulnerabilities
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 March Madness Sweet 16 odds: Purdue vs. Gonzaga odds & Sweet 16 scheduleCheck out 2024 March Madness Sweet 16 betting odds for the games coming up on Thursday and Friday.
Source: dothaneagle - 🏆 337. / 59 Read more »
Latest leak shows Apple’s new iPhone 16 and 16 Pro designs in real lifeThe iPhone 16 and 16 Pro models are expected to get a few design changes, as the latest leak highlights how they will look in real life.
Source: BGR - 🏆 234. / 63 Read more »
NCAA Men's Basketball Tournament: Ranking the top 16 players in the Sweet 16With the Sweet 16 set to get underway on Thursday, FOX Sports' John Fanta ranks the top 16 players remaining in the Big Dance.
Source: FOXSports - 🏆 280. / 63 Read more »
Massive iPhone 16 and iPhone 16 Pro Leak: Apple LoopTaking a look back at this week’s news and headlines from Apple, including a massive iPhone 16 and iPhone 16 Pro leak, an Apple Pencil upgrade, more iPad delays, AirTags update, Apple AI paper reveals LLM advances, who will pay for iPhone AI, and layoffs at Apple. Apple Loop is here to remind you of a few of the many discussions around Apple in the last seven days.
Source: ForbesTech - 🏆 318. / 59 Read more »
Rumored Details About the iPhone 16 Pro and 16 Pro MaxRumored details about the upcoming iPhone 16 Pro and 16 Pro Max, including larger screens.
Source: PhoneArena - 🏆 322. / 59 Read more »
Venture Deal Volume Hits Lowest Level Since 2017Venture deal volume in the U.S. slumped to its lowest level since 2017 in the first quarter, according data published this week by PitchBook. The story was similar across the globe, with worldwide volume reaching its lowest since 2016 and total deal value falling to a level not seen since 2019. "Sticky inflation has pushed hope of interest rate cuts to the back half of the year, and recession remains a possibility," PitchBook analysts wrote. Even with hot artificial intelligence startups scoring hefty investment rounds at massive valuations, the broader venture funding environment remains ice cold.
Source: nbcsandiego - 🏆 524. / 51 Read more »