Startup acquisition wave delayed to 2024 as funding slows and recession looms
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Many predicted a wave of startup acquisitions in 2023, but it largely didn't happen. Signs point to it happening in 2024 instead.
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Funding volume and deal count continues to slow, and economists predict a recession in 2024.
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Investors are spending less time propping up struggling portfolio companies, looking to help them find a soft landing.
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Originally thought late-stage startups with cash would scoop up smaller competitors to justify valuations.
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Acquisitions in 2024 likely to be distressed companies buying other distressed companies to plug holes in business models.