Jason M. LemkinCEO, SaaStr · Co-Founder of SaaStr AI, SaaStr Fund, Adobe Sign

Startup Funding: Are We Heading for Another 'Nuclear Winter'? @chrija @PointNineCap

28 Sept 2023 · 1 min

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0:48

Speaker summarizes Carta data showing the number of seed and Series A rounds and capital invested have fallen ~50–70% over the past 18–24 months. The speaker notes that current levels are roughly comparable to 2019, meaning the 2020–2021 funding surge has largely been reversed, but funding has not declined to historic 'nuclear winter' lows like 2008 or 2001.

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This is data from Carta on the number of seed and Series A rounds and the total amount invested at these stages over the last 18 months to two years. The number of rounds and the amount of capital raised is down by 50 to 70% or so. I think the good news, and it's always really important to keep that in mind, is that we're still approximately at the 2019 levels. So what happened is mostly that some of the craziness from 2020 and 2021 has been erased, but we're not yet back to, like, the nuclear winter of fundraising that we had in maybe 2008 or 2001.