Inspirations• Resources• Venture Capital

2022 Highlights

➡️ The $52.7 billion CHIPS Act & Science Act intend to bolster the US semiconductor supply chain and promote research and development of advanced technologies.
➡️ The Inflation Reduction Act encourages investing in domestic energy production while promoting clean energy.

➡️ The Digital Fair Repair Act: The ‘right to repair‘ bill establishes that consumers and independent repair providers have a right to obtain manuals, diagrams, diagnostics, and parts from original equipment manufacturers (OEMs) in order to repair their own devices.

➡️ Cost-cutting and layoffs across Big Tech companies. At least 91,000 workers in the U.S. tech sector lost their jobs, and the hiring spree started again.

➡️ Funded Not Fired initiative from Day One Ventures that supported ‘founders to-be’ with the first kick-off check.

➡️ Open AI released ChatGPT, which is optimizing Language Models for Dialogue.

➡️ American Dynamism emerged as an investment trend.

➡️ A lot of dry powder is still available on the market while investing has slowed down.

➡️ The GPs were happily welcoming money from the Middle East.

➡️ Cash is the king again; extended runway and profitability matter after all; growth is not the top one when the market is slowing down, burn needs to be kept under control → Startup Survival Guide for 2022 … and beyond.

➡️ Twitter is being rebuilt from scratch.

➡️ The Crypto market took a big hit and is still heavily bleeding.

➡️ The world is turning its attention back to Climate Tech, and VCs put more than a quarter of every venture dollar there.

➡️ The US inflation peaked at 9.1% in June.

➡️ 2022 issuance in the U.S. IPO market (excluding SPACs) was running ~89% below the average issuance over the last five years. 26 out of the 30 largest deals from 2021 were trading below their IPO price (median -64%). 10 out of the 16 deals ($100+) in 2022 were trading above their IPO price (median 12%).