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Venture Capital Struggles: 2023 Marks Lowest Investor Returns Since 2011

by THEFUTURE.TEAM

November 19, 2024

The venture capital (VC) industry is grappling with its worst liquidity crisis in over a decade, as exits such as IPOs remain scarce in the aftermath of the boom years of 2020 and 2021. New data from PitchBook, cited by *The Wall Street Journal*, paints a stark picture of the situation in 2023.

U.S. venture capital firms invested $60 billion more into startups than they returned to their investors, marking the largest deficit in PitchBook’s 26-year history of tracking this data. Moreover, VCs returned only $26 billion in shares to their investors last year, the lowest total since 2011.

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While exits have slowed to a trickle, the industry has paradoxically seen record-high investment levels in recent years. The past three years collectively recorded the largest annual totals of venture funding in history, despite the limited liquidity events.

There is hope that the situation could improve in 2024. Companies such as Klarna and ServiceTitan are reportedly preparing IPOs, which may help reopen the exit market and begin to reduce the record deficit. For now, however, the VC industry faces mounting challenges in balancing its high levels of investment with its need to deliver returns to investors.

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Discovery of a New Dwarf Planet: Is Our Solar System Expanding?

by News Editor

June 16, 2025

A New Celestial Revelation: Meet 2017 OF201

In a groundbreaking astronomical discovery, researchers have identified a celestial body likely to be a dwarf planet far beyond Pluto. This thrilling discovery was made by astronomers from the Institute for Advanced Study in Princeton, New Jersey. Dubbed 2017 OF201, this object is located over twice the distance of Pluto from the Sun, marking it as one of the farthest known bodies in our solar system observable through optical telescopes.

Key Insights

The object is approximately 700 kilometers in diameter, smaller than Pluto’s 2377 kilometers, yet it stands to be the largest found in the outer solar system in over a decade if verified by radio telescopes.
Classified as an extreme trans-Neptunian object, 2017 OF201 joins the ranks of other icy bodies circling the Sun beyond Neptune’s orbit. This region is now known to host other giants such as Eris, Haumea, Makemake, and Gonggong.
Identified in a series of 19 observations over seven years, involving instruments like the Dark Energy Camera in Chile and the Canada-France-Hawaii Telescope, this discovery sheds light on the unexplored corners of the solar system.

Why 2017 OF201 Stands Out

2017 OF201 boasts a unique orbit, with its aphelion over 1600 times the Earth’s distance from the Sun. Meanwhile, its perihelion is 44.5 times the Earth-Sun distance, parallel to Pluto’s path. Such an extensive orbit is evidence of a chaotic past, likely involving gravitational interactions with a giant planet.

Unveiling the Kuiper Belt: A New Frontier

Nestled within the Kuiper Belt, this object hints at the possibility of numerous similar celestial bodies lingering in this icy expanse, largely hidden due to immense distances. As telescope technology advances, the possibility of unveiling more about our solar system’s outermost fringes grows ever more achievable.