«Pundits are slinging a lot of doom and gloom these days, predicting that this will be a lean year for startups, marked by limited funding and a new obsession with profitability. They’re not wrong.»

«Economic uncertainty, shifting consumer demands, changing regulations, scarcity of venture funding and layoffs will demand attention over the near term. But that turbulence masks a thrilling bigger picture.»

«Taking a longer view, the startup scene is poised for its next leap forward. After three years of disruption, adaptation and deep reflection about purpose and priorities, we are on the cusp of a new cycle of tech and innovation. In 2023, amid the belt-tightening and other survival strategies, we’ll see signs of this larger transformation taking root.»

Article written by SHAFIN TEJANI