The banks have settled down – thank goodness – for now. But there’s more than enough going on this week and another Biz Doc 411 comes to life… 4 Stats, 1 Hero/Zero and 1 Interesting Article:
4 Stats
1. $105B LESS Bank Financing
Commercial bank lending dropped nearly $105B in last two weeks of March, the most in Federal Reserve history dating back to 1973. Translation: mid-stage and established businesses are having a harder time sourcing capital in the form of debt as banks tighten lending requirements.
2. 53% LESS VC Funding
Global VC funding in Q1 slipped to $76B, which is a 53% decline year over year from $162B in Q1 of 2022. Did I mention a tightening financing environment for businesses? This VC squeeze hits startups hard.
3. +80% Increase in Chip Making
Japan is poised to sharply raise its chip-manufacturing spending in an attempt to boost its position in the global semiconductor market, particularly as Taiwan remains at risk of a Chinese takeover. Japan is far ahead in the increased spending versus the US (24% increase) and South Korea (41% increase). This spending by Japan the US and South Korea is a VERY good thing, folks.
Add comment