Hey everybody, welcome back to this week in startups. It's time for our startup basic series.

Now when we do this series, sometimes you're nervous to ask basic questions, so I bring in my friend Becky de Graw she is at

Wilson sinceini to be SGR you know that firm they're famous they do a really great job

they're hardworking and Becky and I have been doing this for five or six years now and we love doing it right because this is we have to repeat ourselves all the time with the basics and so we'd like to get the basics out there for people to understand.

Absolutely, thanks for having me.

Let's just start with our market update. We're sitting here at the halfway mark, it's half time in

Silicon Valley as it were

after two years of absolute chaos in the market.

Silicon Valley Bank and First Republic and you know all this chaos you know down rounds after peak

exert what's the state of the market today in terms of startups and funding and

all of this indigestion in the market.

We saw peak valuations and large amounts of money

being invested.

Now we see this down market, lots of headwinds,

but signs of life obviously

and a lot of new investment occurring in AI.

So what are you seeing from behind the desk at the table with, you know, these that scale

startups and even the small ones?

Yeah, absolutely. That overview is perfect, right?

I mean, we were on a heck of a tear there

for a number of years, right, of just up, up.

2021 was kind of the top of that, first half of 2022 and then we started seeing

...