Analysts, investors, and founders expect a hard year for tech startups, including more down rounds; PitchBook says 400+ unicorns haven't raised funds since 2021 (Lizette Chapman/Bloomberg)

Lizette Chapman / Bloomberg:
Analysts, investors, and founders expect a hard year for tech startups, including more down rounds; PitchBook says 400+ unicorns haven't raised funds since 2021  —  The startup world has had a tough year — plagued by mass layoffs, plummeting venture capital investment and the chaotic collapse of Silicon Valley Bank.