Venture capitalists apparently have no shortage of capital to put to work this year, but that doesn’t mean they’re willing to make bets on your self-described “beautifully designed blockchain artificial intelligence” pitch deck. If you want to net some of that VC capital this year, you’ll have to earn it.
Global venture capital investments in 2018 closed a record $100 billion, according to a recent report from Crunchbase. Money is flying everywhere, so it should be a piece of cake to raise millions for your early-stage startup, right? Wrong.
Despite record-setting numbers in venture, we’re seeing more concentration in later-stage deals. In fact, the Crunchbase report showed that 56 percent of VC dollars invested in 2018 went toward “supergiant” rounds. Further, the Q4 2018 report by KPMG and Pitchbook indicated that first-time venture financing counts had dropped to the lowest level in over nine years.