America Renews its Appetite for #Innovation
Updated: Mar 19
By RJ Bardsley
Recent investment data showcases a new appetite for #startups, new ideas and risk taking in Silicon Valley and beyond. What does this mean for America overall and its global leadership in innovation? It means things are getting very interesting again.
According to The New York Times, the #venturecapital money is flowing like crazy to startups. Perhaps this is the result of the #bigquit – maybe everyone left their jobs to go and launch their own startups. In any case, here are a few of the more interesting points from the NYT data:
- There are now more than 900 startups with a valuation over $1billion; it was 80 in 2015
- The median amount of money raised on first rounds is up 30%
- The payout – the value of startup exits was about $774 billion last year
- Andreessen Horowitz raised $9billion in new funds to invest into start ups
There is no doubt that we’re seeing a huge amount of activity and investment in tech. I am curious and excited to see all the innovation that comes out of it.