Venture capital is alive and well. Very well actually. Not since the dot-com era (seems like just yesterday, right?) has VC hit this record. U.S. venture firms threw $84 Billion at more than 8,000 firms with a huge chunk of it going into fintechs. Only one problem; seems the quality of those firms getting funding are much better now than “way back then”. That also means they don’t need to go public as quickly which also means the exit strategy is also delayed. Easy in, not so easy out. Hmmmmm, maybe the ICOs have replaced the early IPOs?
- “Funding to billion-dollar companies hits all-time record
Number of venture-capital-backed exits hits lowest since 2011
Venture capital funding in the U.S. has hit its highest level since the dot-com era.
“While the figures are comparable to the dot-com era, the VC ecosystem appears healthy and driven by different dynamics,” PitchBook CEO and founder of John Gabbert said in a statement. “Later-stage companies with strong consumer traction are commanding large rounds of financing.”
Full Story at Bloomberg