Last year, $400bn was erased from the value of European tech. The number of mega-funding rounds fell, and there was a backwards step in terms of diversity. In all, Atomico’s annual State of European Tech report made for difficult reading.
However, whilst we expect this valuation and fundraising downturn to continue for the overall VC industry throughout 2023, I would argue that the year ahead will actually be the best time to become a new tech founder in the UK.
Following tech layoffs and redundancies, there will be an influx of highly skilled founder talent looking to create startups in 2023. We are already seeing this trend happen – at Antler we received more than 6,000 applications from aspiring founders over the last 12 months....