No New Seattle Unicorns in 2023 as Venture Capital Slows and Former Unicorn Convoy Collapses
Seattle saw no new unicorn startups in 2023 amid a broader venture capital slowdown following a boom during the pandemic, with some existing unicorns like Convoy collapsing and others cutting costs or staff. This trend reflects a global decrease in new unicorns, dropping from 619 in 2021 to only 64 through Q3 2023.
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