VCs are getting bigger.
But you already knew that—one of the key narratives in the venture capital marketplace from the first day that I started covering the space is that not only are VCs raising more capital, as billion dollar funds become dime-a-dozen, but that there are more VCs. (My favorite ZIRP era statistic to this end: According to the National Venture Capital Association, in 2019, there were about 1,900 venture capital firms. By early 2024, that number had ballooned to 3,417.)
