Page 46 - Cyber Defense eMagazine January 2023

2023 Predictions

By Dr. Chenxi Wang, Founder and Managing General Partner, Rain Capital

For venture capitalists and investors with an eye on technology, 2022 was a chaotic year. This turmoil
was partly driven by factors outside the tech sector's control, such as the Russia-Ukraine War and the
lingering economic aftereffects of the Covid-19 pandemic. These events were felt in every corner of the
world, creating challenges for the current venture investment scenes.

Be that as it may, the market marches on, and trends emerge. Some materialize despite market forces,
and others occur because of them. Savvy investors know that rather than respond emotionally to the
day’s news, it’s critical to take a more expansive view and look at the long trajectory of trends, whether
they've been building up for years or are only just now appearing on the horizon.

Spotting tech trends and taking the long view is part of what I do daily as General Partner at Rain Capital.
Our portfolio companies have placed their trust in us, and I take that trust very seriously. So, when I was
asked what my predictions are for investors and venture capitalists who want to put their money into the
tech sector, I isolated three things I believe will play a significant role in 2023. These predictions will be
helpful both to our investors and to others hoping to capitalize on the field's constant innovations.

Data security will be a focus.

Data security is already a significant concern for most organizations and has been for some time, but in
2023 I expect it to be in the spotlight even more than it is today. We continue to see new requirements
and regulations that pertain to data security, data protection, and data governance, many of which have

Cyber Defense eMagazine – January 2023 Edition 46
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