News Formal

The Funded: The Bay Area and New York continue to dominate the VC industry, but a shakeout could be coming

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Record amounts of capital flowed into the venture industry in recent years, but the vast majority of it went to the usual places.

Andreessen Horowitz, headed by partner Marc Andreessen, was among the Valley firms that raised billions of dollars in new capital in recent years.February 17, 2023, 01:02pm PST Updated 18 hours ago

Indeed, some 54% of all megadeals — funding rounds of $100 million or more — from the last four years went to companies based in New York or the Bay Area, PitchBook reported. And 60% of all venture backed companies worth $1 billion or more are based in those two places, according to the report. Indeed, that could be the fate of as many as half of the venture firms in operation today, Techstars CEO Maelle Gavet told CNBC.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SFO tower, Apple campus and Bay Bridge among engineers local marvels - San Francisco Business TimesWe asked local engineers what they thought were the Bay Area's finest engineering marvels of the 21st century.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »