𝚅𝚎𝚗𝚝𝚞𝚛𝚎 𝙲𝚊𝚙𝚒𝚝𝚊𝚕 𝙵𝚞𝚗𝚍𝚒𝚗𝚐 𝙳𝚘𝚞𝚋𝚕𝚎𝚍 𝙻𝚊𝚜𝚝 𝚈𝚎𝚊𝚛 𝙵𝚘𝚛 𝚄𝚂 𝙲𝚘𝚖𝚙𝚊𝚗𝚒𝚎𝚜
Venture capital poured $330 billion dollars into US start-ups last year, almost doubling the total from 2020, according to the latest data from Pitchbook.
That means the VC landscape has grown more than 7x in the last decade.
Much of that funding went to later-stage start-ups, who have demonstrated some kind of traction or product-market fit. That has meant a host of new "unicorns" (start-ups valued at more than $1bn), which has taken the total number of unicorns to more than 900+.
The market has been so hot that some lucky start-ups don't even need to spend much time fundraising... because they are the ones being pitched to. That has meant company valuations of 100x annual revenue in the extreme cases (or more)... which would probably sound like a joke to a time traveling investor from 2010.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
