Venture capital news headlines these days are dominated by stories of size: capital concentration into the highest-growth companies, surging valuations, seed rounds totaling tens or even hundreds of millions of dollars, and megafunds raising tens of billions in new capital.
Smaller funds and more modest seed rounds are seemingly out of favor.
Seed trends bifurcate
Crunchbase’s U.S. seed funding nu...
The strongest version of this narrative highlights a clear structural shift in venture capital: AI and elite founder pedigrees are driving capital concentration, with larger seed rounds becoming the norm while smaller deals decline. The data is compelling—outlier rounds ($10M+) now dominate, and the $2B seed round for Thinking Machines Lab is a stark example of this trend. The analysis acknowledges the adaptability of smaller funds like Moxxie Ventures, which are adjusting strategies to survive ...