Health tech is going through a hype cycle, and it’s not necessarily a bad thing, a new Bessemer report found: #HLTH23
Bessemer Venture Partners, a venture firm that backs healthcare startups, especially early-stage startups, just released its first annual report looking at the state of health tech.
The report looked at the budding industry’s performance to get a sense of what to make of the massive drop in funding for startups coupled with underperforming public markets.
What surprised Steve Kraus, partner at Bessemer, was that the industry wasn’t as bad off as expected. The sector has found itself in a hype cycle, he told Endpoints News, one that wasn’t as bad as expected when looking at the highs and lows. When markets crash, it’s understandable for newer industries like health tech to be hit hard.
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