2020 has been a record year, in a few different, often contradictory ways.
PwC and CB Insights just released their latest report on VC funding. The US highlights:
Funding: 2020 was the biggest-ever funding year, with VCs disbursing $130 billion. The previous record was $122 billion in 2018.
Unicorns: 28 startups grew unicorn horns in Q4 2020 alone. For context, the US only has 225 total unicorns (startups valued north of $1 billion).
Megadeals: We saw more $100+ million deals than ever last year—318 versus 220 in 2019.
Miami: Funding went up 685% quarter over quarter in Q4 and 72% year over year.DAN MCCARTHY