Has the seed stage come back down to earth? It depends where you look

It’s been over a year since macroeconomic headwinds started wreaking havoc on venture capital. Late-stage startups were the first to feel the blow, but the impacts continued to creep lower as 2022 went on.
Now in 2023, it seems the uncertainty has made its way down to the seed stage — for some companies, at least.
Several seed investors have told TechCrunch+ they’ve seen a drop in outreach for seed deals and have seen valuations soften. But Q1 data from both PitchBook and Carta paints a slightly different picture: While Q1 was the slowest period for seed deals in 10 quarters, media

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