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  "documentTitle": "cb q1 2024 ie outlook report",
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  "authorName": "J.P. Morgan",
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  "notes": "The slide highlights a mismatch between the high desire for acquisition/IPO and the actual muted exit activity in 2023.",
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      "text": "Timing an exit in 2024 could be tricky with an uncertain macroeconomic environment and an upcoming U.S. election.",
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      "text": "U.S. venture-backed exits breakdown by type",
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      "text": "Which of the following best describes the long-term goal for your company?*",
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      "text": "Exit type: 50%",
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      "text": "Timing an exit in 2024 could be tricky with an uncertain macroeconomic environment and an upcoming U.S. election. As the state of the exit market in 2024 is unpredictable, many leaders are considering a dual-path approach.",
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      "text": "Even though stock markets performed well in 2023, venture-backed exits remained muted. In total, there were 46 venture-backed IPOs, better than the 36 in 2022 but much lower than the 216 in 2021.",
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      "text": "Sources: All facts and figures based on PitchBook data, except where indicated. J.P. Morgan Business Leaders Outlook (BLO).",
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      "text": "A disconnect between exit expectations and reality?",
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