The US venture capital slowdown doesn’t look that bad

This year is supposed to be a venture-capital wasteland, especially when compared to 2021’s cycle-topping excess. And yet.

New data from PitchBook providing a first look at Q3 2022 venture capital aggregates in the United States make it a bit hard to square reality with the leading narrative. Data indicate that U.S. venture capital was perfectly healthy in the third quarter, and 2022 has been a good year.

There’s one exception that we’ll talk about, but it’s time that we realize that the doom-gloom narrative may be more price control from investors than an indictment of the present-day startup valuation landscape. We made a toptechtrends.com/2022/07/07/as-the-global-venture-capital-market-slows-is-the-us-dodging-the-downturn/”>similar point back in July when toptechtrends.com/2022/07/12/venture-capital-slowed-in-q2-but-its-evolving/”>we looked at Q2 data.

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If the first quarter of 2022 was strong, the second was not as much of a disappointment as anticipated, and Q3 is holding up — then at some point, we have to admit that the largest market for venture capital activity is slowing, but hardly threatening to enter a recession.

toptechtrends.com/2022/10/06/the-us-venture-capital-slowdown-doesnt-look-that-bad/”>The US venture capital slowdown doesn’t look that bad by toptechtrends.com/author/alex-wilhelm/”>Alex Wilhelm originally published on toptechtrends.com/”>TechCrunch