For years the smart money said software eats everything. This week the numbers said something else: atoms are back. Carta’s State of Private Markets for Q3 2026, published Nov 5, says hardware startups on Carta raised nearly $34 billion in 2026 through Q3 — more than double the first three […]
Three separate sources have put numbers on the first minutes of a raise: an angel survey, a dataset of 24,541 pitch decks, and one fund’s first-call data. They measure different things, and I’ll keep them apart. Here’s what each says, two seed announcements from this past week, and what founders […]
The earliest stage of venture is more crowded than it has ever been on PitchBook’s count, and some investors are responding by meeting founders before the deck, sometimes before the company exists. Here’s what the numbers show, one investor’s own account of backing a founder before the idea, and what […]
Every round and every fund has a first committed investor. After that yes, each new investor asks who else is in, and the answer becomes part of the pitch. Here’s what one week of round data shows, a Series B led by an investor from the Series A, a debut […]
Every Q3 venture report this month leads with the same story: AI is taking most of the money. That’s true. But it’s only half the picture. Look at deal count instead of dollars and a different market appears, one where most rounds still go to companies outside AI. Here’s what […]
Capital Beyond the Coasts: What Q3 2026 Regional VC Data Means for Founders Outside SF
The Two-Year Cliff: What Record Startup Shutdowns Reveal About the Gap Between Rounds
The Stale-Mark Reckoning: What Miro, Airtable and 59% Secondary Discounts Mean for Founders and GPs
The median US VC fund is $10M while the average is $165.4M. What the rise of solo GPs means for emerging managers and founders seeking a first check.
