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January 09, 2023 | Tom Ballard

Crunchbase News offers seven predictions for 2023

Biotech is "a rare bright spot" among the sectors.

Coming off a record-breaking 2021 for start-up investment, Crunchbase News described 2022 as “a hard reset to more normal times.” What are its predictions for 2023?  Here are seven, based on Crunchbase News reporting.

  • The market for initial public offerings will remain sluggish;
  • There will be more mergers and acquisitions as “companies go bargain shopping”;
  • Valuations of cybersecurity companies “will come back to earth”;
  • FinTech will remain hot in spite of what happened in late 2022 to crypto;
  • “Investors may be losing their appetite for plant-based meat”;
  • Biotech is “a rare bright spot”; and
  • “Novelty is in, copycats are out.”

Click here for additional insights on each prediction.

Look for the annual “Investor Outlook” series from teknovation.biz that starts next week.