Frederic Eger’s Post

Global funding and large exits for startups fell off a cliff last year with a decline of nearly 50 per cent, but there are some signs of stabilisation and improvement this year, according to a new report. Startup Genome’s Global Startup Ecosystem Report 2024, the 12th annual instalment of the research, includes a ranking of the top 40 startup ecosystems in the world. For 2023, Sydney dropped one place to 21st, while Melbourne placed one higher at 32nd.Tech Central is at the heart of a Sydney startup scene now ranked 21st in the world. The report found that the tech winter of 2023 continued into the start of 2024, with worldwide funding of tech companies sharply declining and large-value exits also falling dramatically, with little hope of a return to the high levels of investment seen pre-Covid. According to the research, the amount of Series A funding rounds last year dropped by 46 per cent in 2023 compared to 2022, while the value of large exits of more than $US50 million dropped by just under 50 per cent. The number of new unicorns, or private companies valued at more than $US1 billion, created last year was also nearly 60 per cent lower than the previous year, and nearly 90 per cent less than a peak in 2021. But the report has found some signs that this may have bottomed out and startup funding is set to rise again, with a slight increase in Series A value in the first quarter of 2024 compared with the end of 2023. “Conditions have stabilised and are starting to show signs of improvement, with Series A and exits beginning to go up,” the report said. “Simultaneously, history suggests that VCs that recognise the first mover advantage of a more bullish approach may reap higher returns compared to those who remain conservative. “Global startup ecosystems are on the brink of a new growth cycle. A slight yet significant uptick in investments in the first quarter of 2024 suggests that we may have reached the bottom of the recent funding downturn.”

Seoul Surges to 9th Best Global Startup Hub, Boosted by Strong Ecosystem & Strategic Investments: Startup Genome 2024 Report Seoul has been recognized as the 9th best city globally for starting a business, according to the latest report by Startup Genome, a leading global startup ecosystem evaluation agency. This marks the city’s highest ranking ever, showcasing a significant leap in its startup ecosystem value. It surged from 54 trillion won (approx. $ 39 billion) […] The post Seoul Surges to 9th Best Global Startup Hub, Boosted by Strong Ecosystem & Strategic Investments: Startup Genome 2024 Report first appeared on KoreaTechDesk | Korean Startup and Technology News . The post Seoul Surges to 9th Best Global Startup Hub, Boosted by Strong Ecosystem & Strategic Investments: Startup Genome 2024 Report appeared first on KoreaTechDesk | Korean Startup and Technology News . #koreatech #Tech #koreastartup #KoreaTechnews #Koreastartupnews

VERY INTERESTING ARTICLE ON THE STARTUP WORLD!!! The World's Top Tech Hubs: San Francisco Leads the Pack in Startup Dominance The analysis by PitchBook ranks the top 20 global cities for startups based on metrics like funding, deals, and exits over a 6-year period. San Francisco comes out decisively on top, raising over $427 billion in capital with nearly 20,000 deals. Home to giants like OpenAI.  New York City takes second place with almost $180 billion raised and 13,594 deals. Major startups like Gemini originated here. Asia is represented by Beijing, Shanghai, Shenzhen, Seoul, Hangzhou, Guangzhou, and Tokyo in the top 15. Government funding is driving hard tech startups. Outside the US and Asia, London and Tel Aviv rank highly at #7 and #18 respectively.  #Toronto does not make the top 20, indicating Canada's startup scene has room to grow relative to major global hubs. The data illustrates that Silicon Valley maintains its startup crown but competition is heating up worldwide. #SRED #startups #innovation #Grants #fundingexpert #JonIrwin Craig Major Danielle Brewin Graham Simba Wakatama Jason Goldlist Alex Norman Startup Canada Startup Ecosystem Canada

Miami ranks 16th in 2024 Global Startup Ecosystem Report, jumping from the 23rd place, and ranking 6th among US metro areas. Key Highlights of Miami’s Ecosystem: 1. Performance and Exits: Miami’s impressive 28% increase in large exits significantly contributed to its higher ranking. The $2.1 billion exit value, led by notable deals like Redzone Software’s $885 million acquisition and Freightos’ $500 million merger, demonstrates Miami’s capacity to scale successful startups. 2. Funding Growth: Despite a global downturn in venture capital, Miami experienced a 10% growth in seed and Series A funding deals, underscoring its resilience and appeal to investors. In 2022, venture activity in Miami hit a record $5.8 billion. 3. Market Reach: Miami’s strategic position has fostered strong domestic and international market reach, with numerous company secondary offices in the region. This global connectedness enhances access to customers and innovative business models. 4. Ecosystem Value: Valued at $95 billion, Miami boasts six active unicorns, ranking 12th among US ecosystems. This growth signals robust talent and investment opportunities in the area. 5. Global Connections: Miami has been proactive in attracting international startups, bolstering ties with Europe, Israel, and Latin America through various soft landing programs. This global integration supports the ecosystem’s expansion and diversification. Areas for Improvement: 1. Talent & Experience: Miami scored 3 out of 10 in this category, indicating the need for more local talent development. Initiatives like satellite university campuses (e.g., Babson and Northeastern) are expected to enhance local talent pipelines in the coming years. 2. Knowledge Creation: With a score of 1 out of 10, Miami lags in patent output and university research. Enhancing STEM programs and fostering partnerships with high-ranking universities can drive improvements in this area. https://lnkd.in/d_dWhPhy

Tel Aviv rises to 4th place in the annual ranking of the global technological innovation ecosystem 2024 by Startup Genome Tel Aviv climbed 1 place to fourth place in an annual report that ranked the most attractive innovation ecosystem in the world for startups & innovation. Los Angeles is 4th place as well & California's Silicon Valley is in 1st place. New York & London share second place. The report ranks the top 40 tech startup hubs in more than 300 ecosystems worldwide, collecting data on 4.5 million startups. A higher ecosystem ranking increases the chances of global success for early-stage startups. The top five global ecosystems are worth $4.4 trillion – based on exits and startup valuations – or 54% of the total of the top 40 hubs. The remaining 35 ecosystems are worth a combined $4 trillion. Tel Aviv's technological ecosystem was valued at $235 billion, compared to a global average of $29.4 billion. For the annual ranking, the research company measured five success factors: 1. Performance, which takes into account the number and growth of exits and how many successful startups; 2. Access to financing and its quality; 3. Market reach, or the ability to tap into global markets; 4. How easy it is to recruit top talent; 5. Knowledge, a measure of the impact of advertising and patents. Israeli startups are facing dwindling financial pathways amid a fundraising drought following political unrest in the first nine months of 2023 and the outbreak of war with the Hamas terrorist group on October 7. During the ongoing fighting, the Israeli army recruited hundreds of thousands of reservists, some of whom remain in uniform. Venture capital funding raised by Israeli startups in 2023 dropped by 58% year-on-year and amounted to $7.3 billion, returning to levels last seen in 2018, and after record years in 2020 to 2022. Entrepreneurs from Tel Aviv face unprecedented challenges, yet continue to build impeccable technologies and fast-growing businesses that successfully penetrate global markets." The 2024 Startup Ecosystem report, published annually since 2012, noted that Tel Aviv led all five top ecosystems except Silicon Valley in the second part of 2023, with seven such transactions. The largest exit was Oddity, an online consumer technology that debuted on the Nasdaq stock market, valued at over $2 billion. The acquisition of the Tel Aviv startup Run:ai for AI workload management by Nvidia announced in April was cited as a "positive signal" in the report. Tel Aviv startups also receive reinforcements from a "strong" network of venture capital funds, the report states. In January, the VC company Cardumen Capital, which invests in early-stage software and hardware startups, raised $120 million for its second fund. In July 2023 , VC TLV Partners announced its fifth fund worth $250 million, and in August, early-stage venture capital fund Symbol closed its seed fund, raising a total of $50 million.

Ever feel like the funding game is rigged for male-founded startups? 🕵️♀️ 2024 is handing out a lot of money in the startup world. Let's look at where this cash is heading and how female founders can tap in! 1️⃣ The EU Funding Portal's 2024 calls are massive for energy, AI, health, and sustainability. 💡 - Energy-intensive industries. - Early-stage AI innovations. - Health solutions from Central, Eastern, and Southern Europe. - Market penetration programs for automotive, energy, and supply chain sectors. Why aren't more of us jumping into these spaces? Is it about time we break into these “male-dominated” sectors? Source: EU Funding Portal 2️⃣ The European Innovation Council has opened funding worth over €1.6 billion. 💶 This is divided into EIC Pathfinder, EIC Transition, EIC Accelerator, and EIC Prizes. They focus on scaling breakthrough tech and creating new markets. Imagine what we could do with this kind of support. Do you have a game-changing innovation just waiting? Details at European Innovation Council 3️⃣ Balderton Capital raised a whopping $1.3 billion for European tech startups. 💰 Their investments in Revolut made it Europe's most valuable startup. $615 million is for early-stage, and $685 million focuses on growth. Can you believe this? Feels like a massive opportunity gap! Source: PYMNTS 4️⃣ The European Investment Fund (EIF) turns its attention to Norwegian tech startups, investing in SINTEF’s seed fund. 🇳🇴 Half a billion Norwegian kroner aims to create 10-15 new companies. More support for tech ventures in Norway. Will this trend catch on in the rest of Europe? Read more at European Investment Fund 5️⃣ TechUkraine's "Seeds of Bravery Grant" offers $25,000 – $50,000 USD for early-stage projects. 🇺🇦 It’s a call for innovative and impactful projects. Our Eastern European sisters are stepping up! The deadline is September 25, 2024. Source: TechUkraine So, will you pivot your startup to snag some of this funding? 🚀 Your thoughts? Share below! 👇 🫡 𝐁𝐮𝐢𝐥𝐝 𝐲𝐨𝐮𝐫 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐧𝐨𝐰: https://femaleswitch.app 🔈🔈🔈 🫵 𝐅𝐨𝐫 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐚𝐝𝐯𝐢𝐜𝐞 𝐟𝐨𝐫 𝐟𝐢𝐫𝐬𝐭 𝐭𝐢𝐦𝐞 𝐞𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬, 𝐡𝐢𝐭 𝐅𝐎𝐋𝐋𝐎𝐖 #startups #femalentrepreneur #zerocode #ai

Ranked: The Top Startup Cities Around the World Summary: A thriving network of founders, venture capital firms, and tech talent is essential for a robust startup ecosystem. These tech clusters are evolving globally, with significant growth in cities like Beijing and Seoul as countries focus on technological advancement to spur innovation. Global Startup Ecosystem Rankings The rankings are based on data from Pitchbook, analyzing the scale and maturity of each city's startup ecosystem over six years, ending in Q2 2023. Key metrics include fundraising activity, venture capital deals, and exit value: Rank City Development Score Capital Raised Deal Count Exit Value 1 🇺🇸 San Francisco 90 $427.6B 19,898 $766.3B 2 🇺🇸 New York 76 $179.9B 13,594 $171.7B 3 🇨🇳 Beijing 76 $161.2B 8,835 $279.2B 4 🇨🇳 Shanghai 73 $130.3B 7,422 $186.8B 5 🇺🇸 Los Angeles 71 $144.6B 9,781 $181.4B 6 🇺🇸 Boston 70 $117.0B 6,044 $172.8B 7 🇬🇧 London 64 $99.0B 11,533 $71.9B 8 🇨🇳 Shenzhen 63 $46.4B 5,020 $66.3B 9 🇰🇷 Seoul 61 $31.1B 6,196 $71.0B 10 🇯🇵 Tokyo 60 $26.2B 5,590 $28.0B 11 🇨🇳 Hangzhou 59 $50.7B 3,361 $88.7B 12 🇺🇸 Washington D.C. 55 $43.7B 2,706 $28.2B 13 🇺🇸 Seattle 54 $31.7B 2,693 $35.6B 14 🇸🇬 Singapore 52 $45.7B 4,507 $38.0B 15 🇺🇸 San Diego 52 $33.5B 2,023 $44.7B 16 🇺🇸 Austin 52 $26.4B 2,636 $22.9B 17 🇨🇳 Guangzhou 52 $24.7B 1,700 $24.0B 18 🇮🇱 Tel Aviv 51 $21.0B 1,936 $32.2B 19 🇺🇸 Denver 51 $26.8B 2,489 $29.9B 20 🇩🇪 Berlin 50 $31.2B 2,469 $15.9B Highlights San Francisco: Dominates with $427.6 billion raised and nearly 20,000 deals closed. Home to major startups like OpenAI and Anthropic. New York City: Second with $179.9 billion raised. Hosts startups like Gemini and Hugging Face. Beijing: Top non-U.S. hub, home to ByteDance. Funding driven by government-backed "hard tech" initiatives. Singapore: Highest venture capital funding per capita worldwide in 2023, at $1,060 per person. Conclusion San Francisco leads globally, but cities like Beijing and Singapore are rapidly growing. The evolving startup ecosystems highlight a shift towards technological innovation and strategic investments. #StartupEcosystems #TechInnovation #VentureCapital #GlobalStartups #TechHubs #StartupCities #InvestmentTrends #Entrepreneurship #TechClusters

Tech startups are shaping our future in ways we can't always see. Reading through an article on the best tech startups made me reflect on how innovation often starts small yet has the potential to create ripples of change. I remember a time when I came across an emerging startup with a simple idea that aimed to make life easier – it quickly turned into a go-to solution for many. What stood out to me in the article was not just the impressive technologies these startups are bringing to the table but also the passion and perseverance fueling their journeys. It's a reminder that great ideas can come from anywhere, and it's often those who dare to take the first step that lead the way. If you're interested in tech or thinking about starting your own venture, this article offers insights worth checking out. What are some innovations or startups that have inspired you lately? https://lnkd.in/g8T3EgQU

Ranked: The Top Startup Cities Around the World https://ift.tt/64u9gLS See this visualization first on the Voronoi app. The Top Startup Cities Around the World This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. A richly connected network of founders, venture capital firms, and tech talent are some of the key ingredients driving a startup ecosystem. As engines of growth, these tech clusters are evolving on a global scale. While the world’s leading startup cities are concentrated in America, several ecosystems, such as Beijing and Seoul, are growing in prominence as countries focus on technological advancement to spur innovation. This graphic shows the best startup cities worldwide, based on data from Pitchbook. The Global Startup Ecosystem Rankings To determine the rankings, each city was analyzed based on the scale and maturity of their startup ecosystem over a six-year period ending in the second quarter of 2023. Among the inputs analyzed and used to calculate the overall development score were fundraising activity, venture capital deals, and exit value: Rank City Development Score Capital Raised Deal Count Exit Value 1 San Francisco 90 $427.6B 19,898 $766.3B 2 New York 76 $179.9B 13,594 $171.7B 3 Beijing 76 $161.2B 8,835 $279.2B 4 Shanghai 73 $130.3B 7,422 $186.8B 5 Los Angeles 71 $144.6B 9,781 $181.4B 6 Boston 70 $117.0B 6,044 $172.8B 7 London 64 $99.0B 11,533 $71.9B 8 Shenzhen 63 $46.4B 5,020 $66.3B 9 Seoul 61 $31.1B 6,196 $71.0B 10 Tokyo 60 $26.2B 5,590 $28.0B 11 Hangzhou 59 $50.7B 3,361 $88.7B 12 Washington D.C. 55 $43.7B 2,706 $28.2B 13 Seattle 54 $31.7B 2,693 $35.6B 14 Singapore 52 $45.7B 4,507 $38.0B 15 San Diego 52 $33.5B 2,023 $44.7B 16 Austin 52 $26.4B 2,636 $22.9B 17 Guangzhou 52 $24.7B 1,700 $24.0B 18 Tel Aviv 51 $21.0B 1,936 $32.2B 19 Denver 51 $26.8B 2,489 $29.9B 20 Berlin 50 $31.2B 2,469 $15.9B San Francisco dominates the pack, with $427.6 billion in capital raised over the six-year period. Despite a challenging funding environment, nearly 20,000 deals closed, highlighting its outsized role in launching tech startups. Both OpenAI and rival Anthropic are headquartered in the city, thanks to its broad pool of tech talent and venture capital firms. Overall, 11,812 startups were based in the San Francisco Bay Area in 2023, equal to about 20% of startups in America. Falling next in line is New York City, which raised $179.9 billion over the same time period. Crypto firm Gemini and machine learning company, Hugging Face, are two examples of startups based in the city. As the top-ranking hub outside of America, Beijing is home to TikTok’s parent company, ByteDance, which is one of the most valuable private companies in the world. In recent years, much of...

Tech startups are rising and they’re coming in fast, but the major challenge is that most of these startups are lacking funds to grow their products or services. It’s a hard-to-do investment for most business men and women to invest a sum amount of their money into startups with zero market share and zero revenue. Investors are into numbers always (which makes sense) but the truth is the idea is the selling product. All big tech companies started with ideas. The proof from the founder of Ring, his idea (product) was rejected by the Shark Tank investors and now has a net worth of over $1 billion. Major tech companies were once startups. Let’s put more effort on the grounds. Read more here..