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Securing Venture Capital for Your Business in This Economy Means Getting Back to Basics. Here's How. Despite an often alarmist outlook, venture capital funds haven't disappeared; you just have to take a fundamentals-first approach to get them.

By Douglas Wilber Edited by Maria Bailey

Opinions expressed by Entrepreneur contributors are their own.

It's tough out there for businesses looking to raise money. After several record-breaking years, startups saw funding cut in half in the third quarter of 2022, according to Crunchbase News. Even as many of us wonder if we've hit bottom, there's reason to be hopeful that dollars in reserve could boost prospects in 2023. Whatever the market holds, venture capital funding will likely look different in the coming years, with VCs prioritizing evidence of focused, sustainable growth in the companies they back.

Simply put: In this environment, it's about going back to basics.

If this sounds familiar, it's because tech's gone through similar contractions before. During the dot-com bubble, companies posted outrageous growth rates fueled by eager investors, but what goes up must come down. The ones that survived, such as eBay and Priceline, had strong business fundamentals and measured growth.

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