The 𝐀𝐧𝐠𝐞𝐥𝐋𝐢𝐬𝐭 𝟐𝟎𝟐𝟒 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 is here, published on 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟖, 𝟐𝟎𝟐𝟓, and it delivers a 𝐩𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 of the future of 𝐞𝐚𝐫𝐥𝐲-𝐬𝐭𝐚𝐠𝐞 𝐯𝐞𝐧𝐭𝐮𝐫𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥. While 2023 was a turbulent year,2024 has found it’s footing, but the road to full recovery is still long.
🔎 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐨𝐫 𝐅𝐨𝐮𝐧𝐝𝐞𝐫𝐬 & 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬:
💰 𝟏 | 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐛𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧, 𝐁𝐮𝐭 𝐚 𝐒𝐥𝐨𝐰 𝐂𝐨𝐦𝐞𝐛𝐚𝐜𝐤
After the valuation collapse of 2023, 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐡𝐚𝐬𝐧’𝐭 𝐰𝐨𝐫𝐬𝐞𝐧𝐞𝐝, 𝐛𝐮𝐭 𝐢𝐭’𝐬 𝐧𝐨𝐭 𝐛𝐨𝐨𝐦𝐢𝐧𝐠 𝐞𝐢𝐭𝐡𝐞𝐫. Many startups from 𝟐𝟎𝟐𝟏-𝟐𝟐 𝐚𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐝𝐞𝐚𝐥𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐨𝐯𝐞𝐫𝐢𝐧𝐟𝐥𝐚𝐭𝐞𝐝 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧𝐬, making fresh fundraising challenging.
📉 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧: 𝟐𝟎𝟐𝟓 𝐜𝐨𝐮𝐥𝐝 𝐛𝐫𝐢𝐧𝐠 𝐚 𝐠𝐫𝐚𝐝𝐮𝐚𝐥 𝐫𝐞𝐛𝐨𝐮𝐧𝐝, but expect more down rounds and 𝐬𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲 𝐬𝐚𝐥𝐞𝐬 as investors recalibrate portfolios.
🤖 𝟐 | 𝐀𝐈 𝐈𝐬 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐢𝐧𝐠 𝐋𝐢𝐤𝐞 𝐍𝐞𝐯𝐞𝐫 𝐁𝐞𝐟𝐨𝐫𝐞
AI is now 𝐛𝐢𝐠𝐠𝐞𝐫 𝐭𝐡𝐚𝐧 𝐟𝐢𝐧𝐭𝐞𝐜𝐡 𝐚𝐧𝐝 𝐜𝐫𝐲𝐩𝐭𝐨 𝐞𝐯𝐞𝐫 𝐰𝐞𝐫𝐞. Nearly 𝟏 𝐢𝐧 𝟑 𝐬𝐞𝐞𝐝-𝐬𝐭𝐚𝐠𝐞 𝐝𝐞𝐚𝐥𝐬 on AngelList in 2024 were in 𝐀𝐈/𝐌𝐋 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬—a massive leap from <0.5% in 2017.
⚠️ 𝐑𝐞𝐚𝐥𝐢𝐭𝐲 𝐂𝐡𝐞𝐜𝐤: 𝐍𝐨𝐭 𝐚𝐥𝐥 “𝐀𝐈 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬” 𝐚𝐫𝐞 𝐭𝐫𝐮𝐥𝐲 𝐀𝐈-𝐟𝐢𝐫𝐬𝐭, many use the label for fundraising appeal, but investors are becoming more discerning.
📈 𝟑 | 𝐒𝐞𝐞𝐝 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧𝐬 𝐑𝐞𝐦𝐚𝐢𝐧 𝐇𝐢𝐠𝐡
While Series A and later-stage valuations 𝐝𝐫𝐨𝐩𝐩𝐞𝐝 ~𝟒𝟎%, seed-stage startups still 𝐜𝐨𝐦𝐦𝐚𝐧𝐝 𝐚 $𝟐𝟎𝐌 𝐦𝐞𝐝𝐢𝐚𝐧 𝐩𝐫𝐞-𝐦𝐨𝐧𝐞𝐲 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧—matching 2022 peaks.
🧐 𝐖𝐡𝐲? The rise of 𝐩𝐫𝐞-𝐬𝐞𝐞𝐝 𝐝𝐞𝐚𝐥𝐬, inflation, and 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐭𝐨𝐩 𝐟𝐨𝐮𝐧𝐝𝐞𝐫𝐬 are keeping early-stage valuations elevated.
✨ 𝐀 𝐇𝐮𝐠𝐞 𝐓𝐡𝐚𝐧𝐤 𝐭𝐨 𝐭𝐡𝐞 𝐀𝐧𝐠𝐞𝐥𝐢𝐬𝐭 𝐀𝐮𝐭𝐡𝐨𝐫𝐬
This insightful report wouldn’t be possible without the brilliant work of 𝐀𝐛𝐞 𝐎𝐭𝐡𝐦𝐚𝐧, Consulting Researcher at AngelList, and 𝐖𝐚𝐝𝐢𝐬𝐨𝐧 𝐰𝐚𝐥𝐝𝐯𝐨𝐠𝐞𝐥, Head of Marketing at AngelList. Their expertise and analysis continue to shape how we understand venture capital’s evolution.
📌 𝐅𝐢𝐧𝐚𝐥 𝐓𝐡𝐨𝐮𝐠𝐡𝐭 :
The market is stabilizing, 𝐀𝐈 𝐢𝐬 𝐚𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐕𝐂 𝐝𝐨𝐥𝐥𝐚𝐫𝐬, and 𝐬𝐞𝐞𝐝 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐫𝐞 𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐬𝐭𝐫𝐨𝐧𝐠—but navigating 2024 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐩𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐚𝐝𝐚𝐩𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲.
♻️ 𝐅𝐨𝐮𝐧𝐝 𝐭𝐡𝐢𝐬 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥? Repost to spread the word!
🔍 Follow Mohamed Amine Khiari 🚀 Amine khiari for more sharp takes on AI, venture capital, and disruptive innovation.
Source Angelist
hashtagVentureCapital hashtagAI hashtagStartups hashtagAngelInvesting hashtagSeedFunding hashtagVC hashtagEntrepreneur hashtagAngelList
Search
Venture Capital 2024: Trends, Insights & What’s Next
