Leading a growth technology company in 2023 is a lot trickier than it used to be. A recession is looming, interest rates are high, and the window for the IPO market seems to have closed for the time being, as 2022 saw a 90% razor sharp drop in IPO proceeds compared to 2021. The appetite for risk among investors looks smaller than ever.
This economic downturn did not spare digital health, which experienced a post-Covid boom like no other innovative field, but saw a 38% drop in investments and a series of post-IPO value destructions in 2022. The companies best positioned to make an impact in 2023 are those