One global firm maintains a positive outlook, as venture funding took a hit in 2022 amid economic uncertainties and a higher cost of capital.
Harnal said entrepreneurs have gotten used to getting cheap capital in the last decade. "That has funded certain types of behaviors," he said.
Now that there has been a switch or transition to a different way of doing business, a different modality, we are switching playbooks again.However, with global economic headwinds slowing growth, startups have been forced to renew their focus on profitability and be more cost-efficient.
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