We’ve gone over how venture capital investment fared across the world over the past few days, but today we wanted to provide a more comprehensive look at the numbers.
The TechCrunch+ team has charted data from PitchBook on venture capital investment flows across the world, and in the United States, Europe, Asia and Latin America.
Global venture capital resultsThis chart doesn’t appear too dramatic at first glance.
However, Q4 2023 was particularly bad: Q4 2017 was the last time we saw venture investment in the last three months of the year fall so low.
That’s not good, especially as venture investment continued to drop in every quarter of 2023.
EV sales remained strong in Q4.
They could have been stronger All automakers, including Tesla, are at a crossroadsIf you’ve only been reading headlines these past few months, you’d think demand for electric vehicles has fallen off a cliff.
In some countries, like Norway, where 82% of new vehicles are electric, it has already landed.
That jibes with other forecasts that predict EVs will make up around 25% of the market in 2026.
The demand will be there, but to make the most of it, automakers have some work to do.
Even though news of potential interest rate cuts has led to optimism that the IPO window might reopen and things might improve in Startup Land, it appears the global venture capital market has yet to level-out: Early data from PitchBook indicates global VC investment in startups continued to slide in the fourth quarter of 2023.
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While things are down sharply in the United States compared to the heady days of 2021, investment trends seem to have largely reached a new normal — U.S. startups raised $37.5 billion in Q4 2023, which wasn’t much less than the $37.6 billion they raised in Q2 2023 and $39.8 billion in Q4 2022.
In contrast, here’s what’s happening globally:We are still going down, folks!
What X needs most now is for Snap to post a solid Q4Not a day goes by without some drama involving Twitter X.
According to a recent report by Bloomberg, X’s ad revenue is expected to fall to $2.5 billion in 2023, and X is disputing the news, calling it incomplete.
Still, the report’s numbers line up neatly with what X’s owner said earlier this summer.
We’ll also revisit our previous look at Snap, another social network that is close-ish to X in scale and worth, to compare the two companies.
The question today is whether or not X’s revenues and valuation square up, so let’s dive in!
