Global VC funding reached $143.9 billion in the first quarter of 2022 — down 19% from the previous quarter. Amidst the current recession and looming uncertainty, VCs seem to be pulling out of the market, which means that startups need to turn to alternative sources of funding — like angel investors and funds. Speaking at TNW Conference 2022, Tim Mills, Managing Partner at the ACF Investors Angel CoFund, explained: Many angel investors are pleased to see VC funding retreat. With the current dip in startup valuation, they find it risky to provide seed funding to emerging companies. The big advantage…
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