“Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation”
Posted in technology as most of the funded companies are into technology. The most shocking piece is arguably the number of funded company pear year with a clear peak in 2018 which is 50x (!) more than last year, 2023.
Thanks for linking to criticism but can you highlight which numbers are off? I can see things about ByteDance, Ant group, Shein but that’s irrelevant as it’s not about the number of past success, solely about the number of new funded startups. Same as the CEO of ITJUZI sharing his opinion, that’s not a number.
Edit: looks totally off, e.g “restaurants, in a single location, such as one city, you could immediately tell that there were large numbers of new companies.” as the article is about funding, not a loan from the bank at the corner of the street.
The source of their data says they were using it incorrectly, that it simply does not mean what they reported. I have not gone into exactly what their data is, just that it was reported as total new funded startups and the data provider says, “that’s not what this is”.
They just provide the data. They can question the methodology or even provide another report with a different methodology but if the data is correct (namely no fabricated) then it’s not up to them to see how it’s being used. The user can decide how they define startup, i.e which minimum size, funding types, funding rounds, etc. Sharing their opinion on the startup landscape is unprofessional IMHO. They are of course free to do so but to me it doesn’t question the validity of the original report.
It is of course up to data providers to say when it’s being used incorrectly. They can do that whenever they want to. Why couldn’t they? It is in no way unprofessional to call out bullshit.