探索边缘AI初创企业不断发展的风险投资格局

Navigating the Evolving Venture Capital Landscape for Edge AI Start-UpsTodd H. PooleDirector, Venture InvestmentsPathfinder2Introduction•Pathfinderis a ~$500M, enterprise technology-focused, stage-agnostic (Series A to pre-IPO) fund.•We invest in the tools, teams, and technologiesthat will be relevant to the enterprise tech sector in 3, 5, 7 years.•I lead investment activities across a number of deep-, frontier-, and hard-tech categories, including AI, ML, and silicon.•~121 investments across 41 portfolio companies.Introduction: Who Am I?34Background & Context•Founders raised 29% less capitalin 2022 vs. 2021 ($246B vs. $346B).•VCs closed 33% fewer fundsin 2022 vs. 2021 (892 vs. 1336).•Startups realized 91% less exit valuein 2022 vs. 2021 ($73B vs. $786B).2022 was a tumultuous year…501,0002,0003,0004,0005,0006,000$0$10$20$30$40$50$60$70$80$90$100Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q120132014201520162017201820192020202120222023*Deal value ($B)D