Seattle Startups Report 12% Down Rounds in 2023, Lower Than Bay Area's 17% and NYC's 24%, Reflecting Revenue Focus

Seattle startups experienced fewer down rounds in funding during the first nine months of 2023 compared to Bay Area and New York City, with 12% versus 17% and 24% respectively. This is attributed to Seattle founders' focus on revenue and profitability, which aligns better with current investor preferences amid broader tech market challenges.

JJulie Sandler LLeslie Feinzaig