Tech Macro Update in 10 Charts

AI Unicorns, Shutdowns, M&A, Secondaries, Power Laws, $$$

Aug 30, 2024

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State of Tech in 10 Charts Below

Today we have Gené Teare, Crunchbase News' senior data editor. Gené conducts strategic research to explore and report on trends within private company data and focuses in particular on global venture funding trends, artificial intelligence, fintech and gender equity in venture and tech.

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Gené Teare provides a comprehensive overview of the current venture capital landscape, highlighting the ongoing two-year slowdown in the VC market, rise in late stage secondaries (Revolut), and points out a trend towards concentration in late-stage funding.

Gené touched on the growing concern about liquidity in the VC industry due to lack of exits, and the potential of AI as a catalyst for innovation , drawing parallels to the mobile wave that emerged after the 2008 financial crisis. She also covers on the topic of diversity, reporting that female-founded companies received only 3% of total funding in 2023, despite representing 8% of deals.

Learn how AI funding is surging amidst a broader VC slowdown (Clio, xAI, Harvey, CoreWeave, Scale), why late-stage investments are concentrating, and what's happening with M&A and IPOs. Discover insights on unicorn trends, female founder funding, and the potential impact of AI on the tech industry's future.

FWIW

“Recent data from secondary data tracking platform Caplight records more than $706 million being invested into direct secondaries deals — or transactions involving a company stake — in the first half of 2024. That puts this year on track to surpass last year’s $1.1 billion trading volume total. “ NEA quietly reenters the secondaries market