Venture capitalists are partying as if it’s 1999—and we know how that went. Entrepreneurship 101 says startups should conserve cash, keep costs flexible, and operate with parsimony. Way too many founders in the ’90s laughed at that—the same way they’re laughing today.
Investment in venture capital in 2018 surpassed $100 billion for the first time since 2000. With all that money sloshing around, the deals are getting bigger. In 2018, deals worth more than $25 million accounted for nearly 13 percent of all investment. And mega-rounds, defined as funding rounds worth more than $100 million, accounted for 47 percent.
