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But we saved everything 🙂.
Harry Stebbings described a dramatic shift in venture capital pricing, observing that $100 million pre-seed rounds have become typical. He noted that Bessemer has raised $1.75 billion for early-stage investments and $4 billion for growth funds. Stebbings questioned whether it is feasible to participate in seed funding today without $1 billion and raised concerns about capital becoming a primary differentiator.
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Earlier, Stebbings reported that Miles Grimshaw joined Benchmark in September 2023 after closing a deal with LangChain here. He also highlighted that Higgsfield reached $1 billion in ARR in 18 months, with $4 million per month in model spend here. These updates reflect ongoing activity across the venture and startup sectors.