“Seed stage funding slumped 35 percent for startups year over year by late 2022, data from Crunchbase shows.”
Y Combinator applications rose 20 percent to more than 38,000, and January late applications went up fivefold. Seed funding fell 35 percent at the same time. More founders are chasing less money, on a runway set by severance checks. Henry Kirk’s team gave itself until the end of March. Google’s layoff is now somebody’s burn rate.