The Tortoise and the Huh???
How often have we heard that slow and steady wins the race? We’ve been looking at funding reports lately and there’s no doubt that this has been a banner year for both funding – and exits. Win-win for both sides of the table, and all the better when seemingly everyone wins, what, eh? Or do they? And funding, in some cases, seems to be happening at incredible speeds.
According to Pitch Book, Venture capital rewrites the record books, with “Venture-backed companies having attracted $150 billion in 2021, more than 90% of last year’s record total…IPOs and SPACs helped to drive the exit value of venture-backed companies to $372.2 billion in the first half of 2021. That was 30% higher than 2020’s all-time record…Firm-level fundraising also (took off), with investors closing funds worth $74.1 billion, about 91.5% of 2020’s record-breaking amount. And Deals, exits, funds—US VC’s records for value are going to get even bigger
