US Venture Capital Outlook: Midyear Update

VC muddled with persistent headwinds 

VCs and founders went into 2024 hoping for the best but preparing for the worst—and got something in between. Much-anticipated tech IPOs like Stripe and Databricks are still works in progress, and as AI has occupied investors’ attention, founders in other sectors search for capital, according to our 2024 US Venture Capital Outlook: Midyear Update.  

Our analyst outlooks at the end of 2023 noted a likely increasing share of insider-led rounds and a decline in both aggregate post-money valuation and active US unicorns. As many investors wonder how long the headwinds in venture will last, our analysts adjust those outlooks to the current environment and set a course for the quarters ahead.