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We reached out to Brianna Ellison, director of community engagement for Verizon, as part of our initiative to bring the Verizon Small Business Digital Ready program to Michigan entrepreneurs and aspiring business owners. Brianna Ellison. It concludes with a Pitch Showcase awarding at least $25,000 in prize money. How do we bridge this gap?
When I suggested that the downturn in the public markets might give startups a chance to focus on finding product-market fit instead of chasing growth, he gave me a personal market correction: Recessions or downturns are always the hardest times to build businesses, always, for the entrepreneurs, for VCs, for everyone involved. Gupta said.
I would say the past few years have been more of an anomaly, and we are getting back to a more sustainable pace. We are seeing a lot of companies looking to raise money and have continued to spend time building relationships with impressive entrepreneurs. billion in Europe thus far in 2022, 40% more than a year earlier, reports say).
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2022: The Aftermath In 2022 war, inflation, rising interest rates and a tougher economicenvironment–one not buoyed by historically low interest rates–brought an end to the long-term bull market in assets (the “everything bubble”), including startup capital. The exit markets fueling higher valuations are essentially closed.
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