8 TAKEAWAYS FROM CARTA'S STATE OF SEED REPORT

Summary from the TLDR Founders newsletter

Seed funding is back to near-peak levels, but the money is significantly harder to touch. Investors are piling more cash into fewer rounds, essentially ignoring everything outside of SF and NY. The most telling stat is headcount: the average seed startup has slimmed down from 10 people to just 6, likely because AI is picking up the slack. However, don't let the tools fool you into going it alone: VCs still fund co-founders at double the rate of solo acts, despite the data showing that 25% of those partnerships end in a breakup by year four.