“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.
you can’t argue against the obvious. china is doing fine, and chinese companies are killing it in many sectors. just look at how much american and german car companies are covering in fear at the sight of BYD.
I believe that’s precisely the point of the article, that there will be no new BYD which was funded 29 years ago.