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Prominent VC funds shifted their focus from tech first bets to more traditional sectors in 2023. Can someone outline the reason for this shift ? *Traditional sectors include consumer retail, Banking Financial services and Insurance, manufacturing, s

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Anonymous

Anonymous 1

Hey I am on Medial • 11m

The venture capital landscape has matured...a LOT, and investors are becoming more selective in their investment strategies. This has led to a shift towards traditional sectors with strong fundamental tailwinds, such as banking, financial services, and insurance (BFSI), healthcare, electric mobility, and generative artificial intelligence (AI), these sectors are to bet for the long term, not answerable now. Multiples are huge in these sectors.

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