The Outlook for Startups in 2024 Appears Uncertain

2024 Might Not Be Much Better Than 2023 For Startups

Even though the economy is signaling a bit of a bounce-back, 2024 might not be much better than 2023 when it comes to startups sharing a piece of the budget pie. The outlook for startups in 2024 remains uncertain, and investors are expecting some pockets of growth, but also cautioning that the road ahead will be tough.

Investors’ Expectations

In an interview with TechCrunch’s Ron Miller and Rebecca Szkutak, investors shared their thoughts on what to expect from startups in 2024. While they acknowledged that there may be areas of growth, they emphasized that startups need to prove their worth now more than ever if they want to make it through the year.

The Elephant in the Room: Generative AI

One area that is expected to drive growth and innovation in 2024 is generative AI. This technology has the potential to revolutionize industries such as healthcare, finance, and education, and investors are eager to see how startups will leverage this technology to create new opportunities.

The Rule of X: A New Equation for Growth

In an effort to provide a more accurate way of evaluating growth and profitability, Bessemer Venture partner Byron Deeter and investor Sam Bondy have proposed the Rule of X, which places a more "accurate weight on [a company’s] growth and future recurring revenue." This new equation aims to replace the traditional Rule of 40, which has been criticized for its flaws.

Pitch Deck Teardown: Metafuels’ $8M Climate Tech Seed Deck

Metafuel raised $8 million in seed funding to help reduce emissions from airplanes. However, according to Haje Jan Kamps, a resident pitch expert, the deck could be improved with a few key additions, such as a competition slide and clear ask and use of fund slides.

Why These 30 Web3 Founders Are Optimistic About 2024

CoinFund’s Founder Forecast surveyed 30 companies across its web3 portfolio, and found that things are looking good for web3 companies heading into 2024. For example, 70% of respondents said they plan to hire next year, and none are looking to downsize.

A Quick Guide to Ethical and Responsible AI Governance

Phani Dasari, the chief information security officer at Hinduja Global Solutions, emphasizes the importance of strong ethical and risk-management frameworks in navigating the complex landscape of AI applications. He runs through the key components of AI governance, including policies, procedures, and the process itself.

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