You’re building a startup technology business — and you need funding in 2024.
Admittedly, the early stage funding scene has changed quite a bit since the go-go years (2011 to 2021) — when cloud expansion, ubiquitous mobility, low interest rates, and a decade of so-called “free money” fueled a venture capital valuation bubble.
By 2023, heightened interest rates and multiple market corrections — stretching across crypto, cyber and other areas — pressured the VC scene quite a bit. Among the anecdotal proof points to note: Global venture funding was $19.2 billion in November 2023, down 16% from November 2022 — which was already down by two-thirds from November 2021, according to Crunchbase.
Fast forward to 2024. The business headlines and financial press suggest venture capital and angel investment dollars will be harder to find. But if take a closer look and set your expectations to reflect modern valuation levels, you’ll find plenty of early stage investors remain active in the market.
How should you proceed? If you need to raise funding in 2024, here are 10 ways to work with incubators, accelerators, angel investors and venture capitalists — some of whom are pictured and mentioned below.
