A poll taken at the Phocuswright Young Leaders Summit, held in Phoenix, Arizona, found only 8% of respondents felt that 2023 was a better year for raising funds than 2022 had been so far, due to the current economic outlook.
One third of the audience (29%) said that they were currently focusing their business strategy towards becoming profitable and away from growth – whilst only half of those (16%) said that this had been their strategy only a year ago.
Henry Chen Weinstein, from venture capital firm One Travel Ventures, said with rising interest rates, inflation raging, and general uncertainty in the economy, “it is…