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VCs raised $55B in 2018, similar to what was raised in 1999, but most of the increased funding went into growth rounds, which are effectively private IPOs

Mark Suster / Both Sides of the Table : Tweets: @trengriffin , @eliefinegold , @sgblank , @msuster , and @adamnash Tweets: Tren Griffin / @trengriffin : “The traditional VC market has only grown 14% per year and mega-rounds now account for nearly half of the dollars in the industry.” http://bothsidesofthetable.com/ ... http://twitter.com/... Elie Finegold / @eliefinegold : Great stuff in here ( full deck) from @msuster about the state of #VC today. Confirms something I've suspected for awhile - notwithstanding the surge in overall funding, very early stage deals are getting more infrequent. @MetaPropNYC http://bothsidesofthetable.com/ ... Steve Blank / @sgblank : VC funding for startups isn't exploding, it's taking the place of IPOs. More than half the capital is going to “Unicorn Rounds.” Brilliant analysis of the state of risk capital by @msuster http://bothsidesofthetable.com/ ... Mark Suster / @msuster : Want to know where all the VC money is going? Here's a short overview for you with some data http://bothsidesofthetable.com/ ... Adam Nash / @adamnash : Appreciate this post by @msuster. The financial press tends to confuse early stage venture w/ late stage growth rounds. This post breaks down trends in each, and what's driving the eye-popping numbers. http://bothsidesofthetable.com/ ...

Both Sides of the Table Mark Suster