Startups End a Bruising 2022, Stare Down Another Challenging Year

  • Another risk for startups is that the long-term partners who provide the funding for venture-capital firms are on pace to receive less in payouts on their investments in 2022 than in any year going back to at least 2006, according to data from investment firm Hamilton Lane.
  • Startup company valuations, while down 43% on average in the fourth quarter from a year ago, according to PitchBook, generally remain higher than their public tech-stock peers, investors said.
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