Down rounds, corrections, and adjustments. These are just a few of the gloomy terms you have likely heard a lot of in European tech in 2023. It has been a year of bleak headlines in tech — and European startups, scaleups, and giants didn’t escape the trend. Job cuts have been a common theme and valuations have been slashed. We saw Hopin, the digital events startup that was once a darling of VCs at the height of lockdowns, fall from a valuation over $7 billion to a sale worth just $15 million. These types of scenarios were on the minds…

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