Following a strong start to last year, investors and entrepreneurs were highly optimistic as startups raised nearly $13 billion in the first quarter, making it the fifth-largest quarter for funding; that changed by the end of 2022. Harsh economic conditions tend to dispel investment complacency with hard realities, and we’ll see reality checking in when it comes to funding this year. Amid rising interest rates and a generally negative macroeconomic outlook, the tap will run slowly. According to Pitchbook, VC activity dropped in all stages and sectors in the first quarter of 2023. Angel and seed rounds saw a steep decline relative to other investment rounds. Angel and seed activity declined to 34% of all...