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Q2 2023
PitchBook Analyst Note: H1 2023 VC Tech Survey
April 28, 2023
Have recent disruptions changed VC investors' expectations or plans?
As March stormed in with a roar, the venture capital industry experienced significant events that left enduring, untamable impacts. From ChatGPT’s evolution from a novelty to a disruptor raking in serious VC dollars, to the collapse of Silicon Valley Bank—the month shook the already strained funding environment. So how were VC investors feeling during this hectic time?
In March, we conducted an Emerging Tech Research survey of 58 VC firm insiders on technology, fundraising, and more.
Key takeaways:
Table of contents
As March stormed in with a roar, the venture capital industry experienced significant events that left enduring, untamable impacts. From ChatGPT’s evolution from a novelty to a disruptor raking in serious VC dollars, to the collapse of Silicon Valley Bank—the month shook the already strained funding environment. So how were VC investors feeling during this hectic time?
In March, we conducted an Emerging Tech Research survey of 58 VC firm insiders on technology, fundraising, and more.
Key takeaways:
- The VC community expects even more innovation and growth from AI over the next 12 months.
- The crash of tech stocks in 2022 left mixed impressions: Respondents were evenly split on how the "tech wreck" affected technological development.
- VC funding for tech startups is expected to decrease, but many investors are forging ahead with their planned fundraising, even after the banking crisis.
Table of contents
| Key takeaways | 1 |
| Executive summary | 2 |
| Survey demographics | 3 |
| Technology expectations | 5 |
| VC ecosystem expectations | 9 |