| Hi, Agen. Will the AI buzz wear off in 2024? Are IPOs finally back? And what will happen with M&A? Today we look at five big startup world trends Crunchbase News’ editors and reporters are watching in the new year. Plus, we list the largest startup raises of 2023, leading with some very big deals indeed. Between the rapid ascendance of AI and the often dramatic downfall of startups large and small, 2023 was action-packed. We expect 2024 to be the year when things settle down a bit — but that doesn’t mean there aren’t some big trends to watch in the new year. Here are our top five. While funding continued to trend down in 2023, big raises were there to be had. More than a dozen startups in the U.S. — many of them AI startups — raised $500 million or more in funding rounds and some got a lot more than that. We look at the biggest rounds of the year, starting with a $10 billion round to you-know-who. Funding to the unicorn class of companies — those private startups valued at $1 billion or more — has fallen dramatically in 2023, to around 22% of what it was in the 2021 market peak. So perhaps it’s no surprise that investments in unicorn companies by leading investors from Andreessen Horowitz to Coatue have dropped precipitously in 2023. See also: The Crunchbase Unicorn Board Down rounds in 2023 became increasingly common. They weren’t isolated to troubled companies, either. In fact, valuation resets were visited upon some companies widely considered to be the most likely to have IPO plans for the next few years. Do you feel more upbeat or gloomier now compared to a year ago? What are the big tech trends and stories you’ll be watching in 2024? And do you expect the market for new tech IPOs — which briefly opened a smidge this fall — to swing wide open next year? Tell us in our latest brief, anonymous Crunchbase News reader survey. | 
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