The number of tech startups that reached unicorn status fell by 40% in 2022 due to a drop in venture capitalist investments, according to the Global Startup Ecosystem report. While the decline is significant, the report focused on the positive news that seven ecosystems produced their first tech unicorn in 2022, indicating that opportunities for new ventures still exist. The report also noted that a recession can be a good time to invest in startups, as high interest rates can benefit them by concentrating capital and talent into ventures that create value.
Tech unicorn count drops by 40% in 2022 according to Global Startup Ecosystem report.
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