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Startup funding hit records in Q1. But the outlook for 2025 is still awful.


Startups attracted $91.5 billion in venture capital funding in Q1, according to the latest report from data provider PitchBook. This figure not only

Despite this seemingly positive news, Kyle Stanford, lead U.S. venture capital analyst at PitchBook, appears to be the most bearish about VC dealmaking since he started covering this market 11 years ago. As for the strong dealmaking totals in Q1, Stanford said that the metric didn’t paint a complete picture of investor excitement for startups. And many did fail but other startups cut costs, and a strong economy allowed them to keep growing, even if their growth rate fell below investor expectations.

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