What the Evolving VC Market Means to Startups Raising Capital

Boy, how times have changed for the venture capital market over the last decade. Here are a few of the overriding trends (according to data collected by the National Venture Capital Association over the years):

• The number of VC firms has materially reduced
• The mix of VC firms has polarized away from the middle, and towards early stage or late stage
• The amount of venture capital dollars raised by funds is materially lower than historical levels
• The capital raised is dominated by the monster size-funds focusing on later-stage investments, creating any early-stage gap

What are driving these trends?

Read the rest of this post in Forbes, which I guest authored this week.

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