In 2023, U.S. VCs faced a liquidity crisis, investing $60 billion more than they returned, with only $26 billion in returns – the lowest since 2011.
Despite record-high funding in recent years, the exit market has been quiet. However, IPOs like Klarna and ServiceTitan may bring relief in 2024, potentially reducing the deficit.
In 2023, U.S. VCs faced a liquidity crisis, investing $60 billion more than they returned, with only $26 billion in returns – the lowest since 2011.
Despite record-high funding in recent years, the exit market has been quiet. However, IPOs like Klarna and ServiceTitan may bring relief in 2024, potentially reducing the deficit.
For Oleksandra Tsekhanovska, head of the Hybrid Warfare Analytical Group at the Kyiv-based Ukraine Crisis Media Center, the effects are both near- and far-reaching. Now safely in France with his spouse and three of his children, Kliuchnikov scrolls through Telegram to learn about the devastation happening in his home country. Apparently upbeat developments in Russia's discussions with Ukraine helped at least temporarily send investors back into risk assets. Russian President Vladimir Putin said during a meeting with his Belarusian counterpart Alexander Lukashenko that there were "certain positive developments" occurring in the talks with Ukraine, according to a transcript of their meeting. Putin added that discussions were happening "almost on a daily basis." Right now the digital security needs of Russians and Ukrainians are very different, and they lead to very different caveats about how to mitigate the risks associated with using Telegram. For Ukrainians in Ukraine, whose physical safety is at risk because they are in a war zone, digital security is probably not their highest priority. They may value access to news and communication with their loved ones over making sure that all of their communications are encrypted in such a manner that they are indecipherable to Telegram, its employees, or governments with court orders. Some people used the platform to organize ahead of the storming of the U.S. Capitol in January 2021, and last month Senator Mark Warner sent a letter to Durov urging him to curb Russian information operations on Telegram.
from ru
