Never has so much money poured into venture capital.
In the first quarter of 2022, US VCs raised more money for new funds than in the entirety of 2019, according to Pitchbook. But those new funds didn’t translate into more investments into startups. Instead, global VC investment fell sharply in the first quarter, down from record highs the year before.
“We’ve rapidly, perhaps brutally, transitioned from a hyper frothy VC environment to a world where many deals are not getting done,” wrote Matt Turck, a partner at the VC firm FirstMark, in a blog post at the end of April.
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Originally published on Quartz : Original article