Crunchbase reports U.S. VC favors billionaire-led startups

A majority of U.S. venture capital funding this year has gone to companies founded or led by individuals who are already billionaires, according to Crunchbase data. Just seven companies, including OpenAI, Anthropic, xAI, and Anduril Industries, raised over half of all seed- through growth-stage equity funding in the first ten months of the year. The author argues that our image of startup funding recipients should evolve to reflect this shift away from classic startup archetypes. Open article →