Venture Capital Journal spoke to eight industry participants about the coming year. Here's what they expect to see with dealmaking, fundraising, exits and more. An uncertain US economic outlook has many venture capital players keeping a cautious eye on dealmaking this year. “It’s quite clear that whether or not there’s an actual recession – deep, mild or otherwise – 2023 is going to be a year where investors and their portfolio companies take stock and ensure that their businesses are right-sized and positioned to survive the next couple of years, regardless of the economic environment,” Brian McPeake, a Private Equity partner who advises clients on VC deals, told Venture Capital Journal. “That involves a lot of inward reflection on the size of team, investments outside of core services, overall strategy and financial planning largely around cash management.