PYMNTS.com October 10, 2024
A recent stock market rally hasn’t made American venture investors any less cautious.
That’s according to a report Thursday (Oct. 10) by Reuters, citing new Pitchbook-NVCA data showing around $37.5 billion of deals made in the quarter ending Sept. 30, down almost 32% from the prior quarter.
A lack of liquidity has caused investors to seek tougher terms from startup companies, the report notes, which has led many of them to hold off on funding until conditions are better.
Reuters says the new findings underscore the challenges facing the venture capital (VC) space, coming at a moment when much of the focus has been on massive investments into artificial intelligence (AI) companies.
“AI companies are commanding the most attention in...
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