Posted on

How well are SaaS, e-commerce, fintech and health tech startups doing in 2023?


Revenue, spending and runway data from 700+ companies

Healy Jones

14 hours

Healy Jones

More posts by this contributor

Zero-based budgeting: A proven framework for extending runway

The startup ecosystem has gone through some substantial changes over the last few months, and founders need to understand current conditions to properly plan for the future.
I serve the accounting and financial planning needs of more than 750 startups, which provides me with a unique position to help founders stay informed about the different factors that affect funding, valuations, spending, startup management and other trends in the startup economy.
The data in this report is not from a survey — it’s created directly from anonymized accounting data from more than 700 of our clients. As such, it’s not subject to any optimistic thinking bias that so many startup founder surveys have.
Capital is tightening, forcing startups to react
Low interest rates over the last decade have fueled growth and boosted startup valuations across every industry. But in June 2022, the rate of inflation peaked at 9.1%. In response, the Federal Reserve dramatically increased interest rates, bringing easy access to cheap money to an end.
Startups included in this dataset raised more than $4 billion in 2021 but only in the high $2 billion range in 2022 — a dramatic drop.
The end of easy money is forcing founders to react. Startups that might have easily gotten venture funding in the …

Read More