where in the report that show that the market reset has led to a slowdown in the rate of new tech startup creation. Given the scale of 昀椀nancial barriers, entrepreneurship is a luxury for those that can afford to pursue it. It is little wonder that this leads to risk aversion being cited by many (32%) as a factor in blocking potential founders from starting a company. What are the main barriers for founders looking to start a company today? Lack of external financing Personal financial constraints Macro-economic uncertainty Aversion to risk Di culty finding a co-founder Potential career instability Di culty hiring a team Lack of support network Lack of business skills Lack of mentors / role models Lack of technical skills Lack of time 0 10 20 30 40 50 60 70 % of respondents Notes: Sources: Founder and C-level respondents only. Respond- ents who selected "Other" are excluded from the data 171 | Talent

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