Mega-funds ($10B+ AUM) have dramatically ramped up early-stage investing, with average seed/pre-seed deals per year rising from 10-20 in…
Mega-funds ($10B+ AUM) have dramatically ramped up early-stage investing, with average seed/pre-seed deals per year rising from 10-20 in the 2015-2019 SaaS era to much higher levels in 2020-2022 and sustaining or growing further in the 2023-2026 AI era, collectively jumping from ~140-150 to 370-400 deals annually Funds fall into three groups: - Accelerators like a16z (75.3 deals/yr) and General Catalyst (61.5) that intensified activity post-ZIRP - Sequoia (50.6) and Accel that remain 2-3x above SaaS baselines - Disciplined ones like Bessemer showing steadier but still elevated growth https:…
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