AI boom masks fundraising struggles for non-AI startups

Quick Summary:

Earlier this year, IVP general partner Tom Loverro proclaimed that the post-pandemic downturn is over, and companies that made it this far should prioritize growth over cost-cutting.

VCs are excited to back AI companies at red-hot valuations, “but everything else is really challenged,” Hirsch said.

Indeed, Carta’s data reveals that only 9% of Series A companies have been able to secure Series B funding within two years, a significant decline from the previous 25%.

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Article Details

Author / Journalist: Marina Temkin

Category: StartupsBusiness

Markets: United States

Topics: Startups Tribeca Venture Partners Valuations Recapitalization Down rounds Venture capital AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 19:20:34 (3 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24570137

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