E98: The State of Southern Venture in 2023

2023 has proven to be more challenging than rewarding for Venture, marked by a series of disappointments amidst its noteworthy events. This show critically examines and discusses the implications of key occurrences in 2023 that will shape Venture's trajectory into 2024. I am joined by three distinguished experts in the field:

1. Paul Clark, my co-host and Principal at VentureSouth.
2. John Avey, the Director of ATDC, the South's largest and most successful incubator/accelerator.
3. Todd Kirschner, a former West Coast VC turned solo professional Angel Investor now based in Charlotte, NC.

Together, we delve into their perspectives on the following topics:

1. The major Venture stories of 2023: A decline in funding, a decrease in deal numbers, a rise in shutdowns, and the dominance of AI in headlines.
2. The impact of 'Higher for Longer' interest rates on venture capital.
3. The 'State of Capital' in the South, covering valuations, early-stage capital availability, and the prevailing Exit drought.
4. The existing risks and opportunities for founders and investors as they navigate 2024.

Through this comprehensive discussion, we aim to provide insights into the challenges and opportunities that lie ahead for Venture in 2024.

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