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.
Artem Kliuchnikov and his family fled Ukraine just days before the Russian invasion. The fake Zelenskiy account reached 20,000 followers on Telegram before it was shut down, a remedial action that experts say is all too rare. The War on Fakes channel has repeatedly attempted to push conspiracies that footage from Ukraine is somehow being falsified. One post on the channel from February 24 claimed without evidence that a widely viewed photo of a Ukrainian woman injured in an airstrike in the city of Chuhuiv was doctored and that the woman was seen in a different photo days later without injuries. The post, which has over 600,000 views, also baselessly claimed that the woman's blood was actually makeup or grape juice. Stocks dropped on Friday afternoon, as gains made earlier in the day on hopes for diplomatic progress between Russia and Ukraine turned to losses. Technology stocks were hit particularly hard by higher bond yields. On December 23rd, 2020, Pavel Durov posted to his channel that the company would need to start generating revenue. In early 2021, he added that any advertising on the platform would not use user data for targeting, and that it would be focused on “large one-to-many channels.” He pledged that ads would be “non-intrusive” and that most users would simply not notice any change.
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