Venture capital funding in the United States dropped 9% last year to $108 billion, according to PwC and CB Insights’ MoneyTree Report.
That decline, however, needs to be put in perspective. 2019 was still the third-biggest year ever for venture capital funding, with the highest being recorded in 2000, before the dot-com bust.
The report also noted that at the end of 2019, a record number of “unicorn companies” — those venture capital-backed private companies valued at $1 billion and up — remain in the United States: 199, a significant increase over the 149 at the end of 2018.
