With IT spending forecast to rise in 2023, what does it mean for startups? • TechCrunch

It depends on your integration with CIO’s plans

Even though we’re in the economic turmoil, I bring good news: All signs that IT spending is on the rise in 2023. Of course, that will be outstanding news for startups. However, not all is rosy, as in turbulent times startups really have to prove their worth.

Companies realize that they have to keep an eye on the future, and that innovation tends to happen in new companies, not in old ones that are perceived to be trustworthy. Sure, the tried-and-true people may have solid balance sheets, but they probably stagnated in the ideas department around 2012.

CIOs need to balance established players with startups as they set their IT budgets for next year. And startups that build essential services in innovative ways will have less to worry about.

“A lot of strategic CIOs have used a combination of remote working and degradation to modernize their systems and replace legacy systems with more modern solutions.” Casey Aylward, partner at Accel

Executives clearly want to invest in innovation in your startup, but they are wary, especially in times like these, about putting all their eggs in your startup’s basket. friend. It’s understandable, so you have to show you’re in it to win it.

We spoke to a number of CIOs, venture capitalists, and analysts for their views on what’s to come for startups in 2023.


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