It’s been a tricky two years for the deals market here in the UK and the FT’s recent article really emphasises how frustrated founders are feeling. I review and comment on the quarterly data for KPMG’s Venture Pulse reports (KPMG Private Enterprise quarterly global report on venture capital trends) and honestly, even as a glass half full type of person, it’s been hard to stay positive when looking at the stats. How many times can you say ‘there’s still plenty of dry powder which needs to be deployed, we’re just waiting for this period of uncertainty to pass’ before it starts to sound disingenuous?
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