| Hi, Agen. By now you’re probably not surprised to hear that venture funding in every major startup region in the globe last year fell dramatically compared to the lofty highs of 2021 and even in contrast to 2022. But in Asia, the startup funding decline is quite dramatic, hitting its lowest level in eight years. Plus, we asked readers what their outlook is for 2024. Here’s what they told us. Startups in Asia raised their lowest amount of funding in years last year, with early-stage companies the hardest hit. Despite some larger deals, 2023 ended on a particularly low note. Crunchbase News readers who responded to our latest survey are more optimistic about the state of the economy and startup world going into 2024 than they were a year, or even just six months, ago, though they’re still skeptical about an IPO market rebound and many aren’t banking on AI to dramatically recharge the tech world this year. While investors have little doubt many AI startups will continue to push their valuations northward — especially those building their own models and platforms — the new year could provide a reckoning and recalibration for a market that seemed to know no bounds in 2023. Funding to European startups reached $52 billion in 2023, down 39% year over year, Crunchbase data shows, but the continent’s share of the global venture capital ecosystem has increased since 2021. Many venture investors are starting the new year feeling quite good about the startup industry’s prospects in 2024. Funding has likely already hit its low, the exit markets seem poised for a comeback, and the industry appears to be coming to terms with the new normal of work, they argue. | 
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