Showing posts from June, 2023
If you are working in the high-tech sector or are at a startup, the first half of 2023 was definitely a roller coaster. We saw venture funding dry up for many sectors; saw the collapse of the Silicon Valley Bank - the bank where many startups and venture capital funds kept their money; and observed layoffs happen in the technology giants - Google, Facebook, Apple and others. In fact, one of the VC firms, Cervin, did an analysis showing that venture funding has been at an all-time low this year, with only 19 mega deals being signed in Q1 2023 compared to 98 the previous year; funding fell by 53% for angel and seed funding and by 30% for Series A rounds. In fact, except for companies focusing on generative AI and AI adjacent technology in the high-tech sector, it has been an exceptionally difficult year financially. How did the clean-tech sector fare? Unsurprisingly, while there were some impacts on startups and their ability to raise additional funds from venture capital firms, the se

Happy World Environment Day!

Here's to our beautiful blue dot - with all the mountains, oceans, forests, grasslands, animal and plant life that inhabit it. If there's one thing that we as a species can do, it's doing our best to protect our world - for after all, there is no Planet B.