Pitchbook just published its Q4 2023 Venture Monitor report. The total Q4 2023 deal value was slightly below the 2020 number and down more than 50% from 2021. This is expected. In fact, with ZIRP gone, I would expect the total deal value to tank further. But the report pointed out $17B out of the $170B was invested into Anthropic and OpenAI. Namely, the number was somewhat distorted by the AI frenzy. If hot AI deals were not included, the drop in deal value would have been even more dramatic.
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1/18/2024: VC is Now an Investors' Market
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Pitchbook just published its Q4 2023 Venture Monitor report. The total Q4 2023 deal value was slightly below the 2020 number and down more than 50% from 2021. This is expected. In fact, with ZIRP gone, I would expect the total deal value to tank further. But the report pointed out $17B out of the $170B was invested into Anthropic and OpenAI. Namely, the number was somewhat distorted by the AI frenzy. If hot AI deals were not included, the drop in deal value would have been even more dramatic.