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A new report from Panache Ventures reveals that 1,703 new tech startups formed in 2025, a 10 percent decrease from 2024. While 60 percent of these 2025 founders built with AI, only eight percent secured pre-seed capital, down from 13 percent in 2023. Panache managing partner Prashant Matta notes this indicates better-prepared companies despite lower early-stage funding.
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