WHAT DOES A "HEALTHY" VENTURE MARKET ACTUALLY LOOK LIKE?

Summary from the TLDR Founders newsletter

Boutique Seed funds continue to lead the majority of sub-$10M rounds, despite mega-funds increasingly entering earlier-stage investments. Series A activity clusters around $20M, but competition intensifies above that level, with mega-funds taking a dominant role in rounds above $50M. This shift in dynamics compels investors to differentiate by emphasizing talent and innovation, as traditional stage boundaries blur and AI drives significant opportunity for reinvention.