Arrr, the scallywags of venture capitalists be too scared to board the ship of gen AI hype!
2024-04-03
Arrr, me hearties! 'Tis a sad tale of woe and despair in the land of venture funding. The treasuries be dry, the coffers be empty, and the seas be rough for those seekin' coin for their grand adventures. 'Tis a tough time for us swashbucklers, indeed!
Arrr mateys, listen up ye scallywags! While ye might be hearin' tales of fancy AI startups makin' off with bags o' gold, the truth be that the seas of venture fundin' be as icy as the heart of Davy Jones himself.In the first quarter of this year, the number of deals for U.S. ventures be droppin' faster than a sailor who's had too much rum. PitchBook's data be showin' that the volume be at its lowest since 2017, and the same be happenin' 'cross the seven seas with global volume at its lowest since 2016.The total value of these deals be plungin' like a fool walkin' the plank, droppin' to levels not seen since 2019. This dearth of dealmakin' be causin' concern among investors and entrepreneurs alike, as the treasure chests be growin' light and the winds of fortune be blowin' in the wrong direction.So batten down the hatches, me hearties, and prepare for rough seas ahead in the world of venture fundin'. The tide be turnin', and only the most savvy and seaworthy captains be likely to weather the storm.