The year was a huge success for global venture funding.
Deal activity is at an all time high. In 2020, the total investment was $335 billion, but last year it was $643 billion.
The VC industry has seen a lot of exits. There were a record number of companies going public in the year, with many of them having huge valuations. Only 61 companies went public at this valuation in 2020.
VCs are paying close attention to the opportunities that are happening all over the world.
The venture industry is poised to take advantage of the new technologies coming to market. The cumulative dry powder was $222 billion as of Q4 last year.
I think startup funding will continue at an accelerated pace this year.
The tech world continues to evolve to meet changing consumer needs. This has created huge opportunities for people to start companies.
I am seeing this first-hand with several of our investments, such as the Indonesian e-commerce company that went public in August, and is currently operating in a market that benefited from consumers staying at home and businesses selling more online during the Pandemic.
The rapid rise of web3 and the continued globalization of venture capital are three global technology trends that many VCs are watching closely.
Web3 goes mainstream.
In the past few months, investors and companies have been throwing around a lot of words. A fundamental shift in the Internet is being pointed out by the increased focus on these areas, one that is based on public ledgers and where users are in the driver's seat.