đź“ť Startup Exits Declining

Author

Liam Gill
October 14, 2024

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PitchBook's latest report highlights a dramatic decline in startup exits, slowing returns to venture capitalists' limited partners to levels seen during the 2008 financial crisis. As a result, LPs are cutting back on investments, causing the number of active VCs and angel investors to drop to 45.5% of 2021 levels. The report notes a growing backlog of 57,674 startups awaiting exits, with 32.4% in late-stage development. Many unicorns—holding a collective $2.5 trillion in value—remain in portfolios for nine or more years, adding further pressure on the market.

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