Startup #leaders weigh in on an economic environment filled with mixed signals and what’s ahead for them in 2024, according to the latest U.S. Business Leaders Outlook report from JPMorgan Chase & Co.. Innovation economy leaders’ top challenges stand out from middle market executives, said the report. Roughly half of respondents (52%) cited the availability of capital or credit as a top concern, compared to just 13% of U.S. midsize businesses. And 48% cited revenue and sales growth as a key concern, compared to 39% of the broader middle market. Interestingly, a commanding 98% of startups said they expect revenue and sales to hold steady or increase in 2024, and 95% expect steady or increasing profits. Given the difficult recent past, business leaders’ responses suggest they are prepared for whatever the market may bring in 2024. While 67% say declining tech valuations have had a negative impact on their ability to raise #capital, 54% are confident they have enough capital to hold off raising additional funds this year. Read more >> https://lnkd.in/gchjFMh4 Hunt Scanlon Ventures
