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Two Year IPO Drought Coming To An End
In 2023, only 148 companies completed an initial public offering (IPO). This was the worst year on record and followed a 15% decline from the number of IPO's in 2022, another disappointing year. In 2023, ARM was the sole blockbuster tech IPO.
After a brutal two years with a paucity of tech IPOs, the market is poised for a resurgence in 2024.
If a startup has two choices of hiring someone awesome or firing an underperformer it's more important to fire, says Uri Levine, a two-time unicorn builder with Waze & Moovit and author of "Fall in Love with the Problem, Not the Solution."