📈 Hitting the Benchmark

Monday, December 16

Author

Juliet McAlee
December 16, 2024

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Hello!

Feeling unfocused this week? Break out of the slump with this week’s edition of TechDay Express. Just grab a cup of coffee or cocoa, if that wakes you up in the morning, and scroll on down.

Also, this will be the last edition of TechDay Express in 2024. Like all of you, we are taking the holiday period to recharge. But don’t worry! We’ll be back at it in January 2025.

We wish you all a happy and restful holiday season! See you in the new year 🎉

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🌟 Top News in Startupland 🌟 

These 9 VC Firms Took Home More Than Half the Capital Raised This Year

While this year’s venture capital environment may not have compared to 2021’s record-breaking levels, there was no shortage of funds flowing to VC firms, some more than others.

According to data from Pitchbook, just 30 VC firms collected 75% of all capital raised by US firms. Of those 30, nine stood out in raising $35 billion, which is over half of the total capital amount raised this year. This group is made of the usual suspects, the top three being Andreessen Horowitz ($7.2 billion), General Catalyst ($6 billion), and Thrive Capital ($5.5 billion). On top of taking the #1 spot, Andreessen Horowitz’s funds made up 11% of all capital raised this year.

None of this news is surprising. However, the data demonstrates that venture capital has somehow become even more exclusive by centralizing dry powder in the hands of a few firms.

How did this happen? Read in our Deep Dives below

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⚡️ Community Poll ⚡️

What sector do you anticipate will receive the most VC funding in 2025?

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Even More Headlines

🧑‍⚖️ AI startup Scale is being sued for wage theft by a former employee

🧠 The SEC reopened an investigation into Elon Musk’s startup Neuralink

✍️ Edtech funding in 2024 is anticipated to be the lowest in years

🤫 Less than half of public companies adhered to the SEC’s cyber disclosure rules

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📚 Dive A Bit Deeper 📚

📈 HITTING THE BENCHMARK — Andreessen Horowitz has dominated the VC environment since it broke in 2009 thanks to a novel approach to venture capital: bigger funds and more “founder-friendly” provisions. Everyone copied them, except for firms like Benchmark that stuck to venture capital’s roots. But, what does that mean?

🧐 WHAT TO FOCUS ON IN 2025 — Founders can get advice from a variety of sources, but the best are probably fellow founders and VCs. The only option better than that is a VC who is a serial founder. That’s where AlleyCorp’s Kevin Ryan comes in. In an interview, Kevin provides guidance every startup founder can use heading into 2025.

Accomplish More. Juggle Less.

When you love what you do, it can be easy to take on more — more tasks, more deadlines, more hours – but before you know it, you don’t have time to do what you loved in the beginning. Don’t just do more – do more of what you do best.

BELAY’s flexible staffing solutions leverage industry experience with AI systems to increase productivity without sacrificing quality. You can accomplish more and juggle less with our exceptional U.S.-based Virtual Assistants, Accounting Professionals, and Marketing Assistants. Learn how with our free ebook, Delegate to Elevate, and leave the more to BELAY.

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