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According to Crunchbase data, in 2022, unicorn companies – start-ups with a market valuation of $1 billion or more – attracted $131.6 billion in funding worldwide, less than half of the capital raised a year earlier . Unicorns have raised just $42.1 billion this year.
The economic downturn and high interest rates have affected investor sentiment for new companies. Many start-ups are depleting their reserves and venture capitalists are struggling to raise cash for embattled private tech funds.
Silicon Valley veterans expect many unicorns to do “down rounds,” where they raise funding at lower valuations than their previous capital investments, or go out of business completely,
“There has to be a revaluation,” said Brad Gerstner, chief executive of Altimeter Capital. Even at the right price, he said, he would probably want to own less than 5 percent of the roughly 1,400 unicorns worldwide.
Alex Irwin-Hunt
Our Other Charts of the Week
Over the past decade, the average decibel level of hit songs has fallen after more than 20 years of rapid growth, according to Spotify data on track listings from Now Music’s compilation albums.
Between 1983 and 2008, the average hit song volume increased by 45 percentage points, from -8.53 dB to -4.63 dB. However, between 2013 and 2023, this metric is expected to decrease by 9 percentage points.
According to American mix engineer Andrew Shepps and recording expert Greg Milner, flatline decibel levels are the culmination of the “loudness war” and the result of the dominance of digital streaming platforms such as Spotify.
At the turn of the century, manufacturers used Highest level of dynamic compression To make your songs faster, with the aim of grabbing the attention of the listeners and generating more sales.
Metallica releases in 2008 death Magnetic The record marked the end of Competitive Loudness as thousands of fans complained that the release sounded harsh. petitioned the band to remix the album,
felix wallis
The number of daily commercial flights rose above pre-coronavirus levels for the first time, with 130,758 take-offs on Thursday. Worldwide, flights have seen a drop of up to 75 percent due to the lockdown during COVID-19.
According to Flightradar24, this change is largely driven by “traffic recovery in mature markets, where airlines were able to stabilize their operations more quickly and bring existing aircraft back online”.
The International Air Transport Association estimates that the airline sector’s net profit will increase to $9.8 billion in 2023, compared with a net loss of $3.6 billion in 2022.
steven bernard
More than two-thirds of Europeans believe corruption is widespread in their country, an increase of 2 percentage points from 2022 onwards, according to a new survey by the European Commission.
Perceptions about the extent of corruption in their countries vary widely among EU member states, ranging from 13 percent in Finland to 97 percent in Greece.
Respondents are more likely to think that corruption is rife among political parties, officials who award public tenders or officials who grant building permits.
The biggest increase in corruption perception occurred in Malta, where 92 percent of people consider corruption to be widespread. In 2017, Maltese journalist Daphne Caruana Galizia was murdered in a car-bomb attack. A public inquiry has since found that the state must take responsibility for the murder”.By creating an atmosphere of impunity. , , led to the collapse of the rule of law,
max harlow
The UN warns that women and girls are being denied opportunities for work and education because they are still heavily responsible for fetching water
The United Nations states that water harvesting is a “highly gender discriminated activity”, but responsibility varies by country and cultural context.
Sub-Saharan Africa, the region with the longest trips, has the highest proportion of women and girls responsible for water collection, putting them at greater risk of injury and hazards, the authors said.
In North Africa and Western Asia, where trips are shorter, more trips are made by men and boys.
Globally, women and girls have Seven out of 10 households have the primary responsibility of collecting waterAccording to a report by UNICEF and the World Health Organisation, this means they are losing valuable educational, work and leisure time.
“Every step a girl takes to collect water is one step away from learning, play and safety,” said Cecilia Sharp, UNICEF director.
Overall, 1.8 billion people globally live in homes without a water supply on the premises, the United Nations said.
Lucy Rodgers
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