{
  "docId": "019dd923-5e88-73ef-bd5b-195812b02f4c",
  "docSlug": "02c616bfa1923f5e",
  "documentTitle": "cb q1 2024 ie outlook report",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 2,
  "pageCount": 15,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "paragraph",
    "headshot"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-195812b02f4c/2",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-195812b02f4c",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-195812b02f4c.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-195812b02f4c#slide-2",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The anemic exit environment has made realizing liquidity in their portfolios difficult. Both founders and investors will be keeping a close eye on the exit environment, particularly for signs of the IPO window opening.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-2300-70cc-b437-f1849fb816a9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.148,
        "w": 0.083,
        "x": 0.764,
        "y": 0.427
      },
      "kind": "image",
      "text": "John China",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1aff7b1f-d505-477b-b3b9-202ff3f47d5c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.148,
        "w": 0.083,
        "x": 0.764,
        "y": 0.18
      },
      "kind": "image",
      "text": "Melissa Smith",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "26e7db16-424d-4c41-8e0c-47bd210c6f98",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.148,
        "w": 0.083,
        "x": 0.764,
        "y": 0.727
      },
      "kind": "image",
      "text": "Nick Candy",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9c51381b-eb6e-4101-8733-df030c5ebb1c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.148,
        "w": 0.083,
        "x": 0.859,
        "y": 0.727
      },
      "kind": "image",
      "text": "Oliver Brotman",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c328d151-56c9-4c10-ab3b-f02a354496c3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.533,
        "w": 0.533,
        "x": 0.109,
        "y": 0.319
      },
      "kind": "paragraph",
      "text": "Against the backdrop of a tumultuous and unpredictable macroeconomic environment, we've witnessed the challenges of different stakeholders across the Innovation Economy. For founders, conditions for raising capital have toughened as investors have either slowed their dealmaking activity or gone dormant. The fall in valuations across most stages has hampered funding negotiations, and in turn companies' growth projections and cash runway. Unsurprisingly, the availability of capital and credit was the top challenge for business leaders, along with growing the top line and navigating uncertain economic conditions. For investors, fundraising has proved challenging, and the rate of capital deployment has generally slowed. The anemic exit environment has made realizing liquidity in their portfolios difficult. Both founders and investors will be keeping a close eye on the exit environment, particularly for signs of the IPO window opening. That could be the catalyst that kick-starts the venture capital cycle.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4143a122-8138-442c-9afa-b1afa2266ac9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.028,
        "w": 0.165,
        "x": 0.047,
        "y": 0.083
      },
      "kind": "title",
      "text": "Executive summary",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ce2b58a0-0973-451f-96c3-09aabb4a8db8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "99df7c27-43c6-4573-9694-beee1b43dbbb",
      "evidence": "This slide is titled 'Executive summary' and contains a summary of the key points, which is a typical structure for an executive summary.",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 2,
      "from": 1,
      "beatId": "a11a266a-8b62-4879-b7dc-fb64cbdcd23c",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Attention",
      "beatSlug": "monroes-sequence-attention",
      "evidence": "The cover and executive summary grab the audience's attention",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Hook",
      "parentBeatSlug": "hook"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}