Startups probably going through down rounds outs of the overly high evaluations during lockdowns. I’m seeing some struggling to raise here too. Also US startups are funded 50% - 70% more than Europe and up to 90% more than 3rd world country. I received 4-6% compared to my direct competitor in US. Would be interesting to see if there are other reasons ie low tech adaption , impact of “crypto” hype etc. Over here, gov’t hogs the startup funds + heavy corruption , so a balance of capitalism and socialism is crucial. It would be bad for more authoritarian country if free market has a nasty outlook in the startup ecosystem