Ridiculous venture money in tech right now

OnDeck
opensourc

Go to company page OnDeck

opensourc
Jul 20, 2021 11 Comments

Just saw a $125M series A and a $100M series B. Every tech company on LinkedIn is raising early rounds in the hundreds of millions. What is exactly happening? Are venture capitalists just chasing deals that it’s gotten this ridiculous?

I used to determine a company’s trajectory based on funding rounds but with stuff like this it’s just getting crazy now

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TOP 11 Comments
  • "Every tech company on LinkedIn" sounds like statistical bias -- you won't see mediocre startups getting all that much engagement

    Besides, there are many more problems that can be solved with advances in the field, and hence many more viable business models
    Jul 20, 2021 0
  • Google
    lcxt

    Go to company page Google

    lcxt
    Everybody is a VC now.

    So you get to ~20m and start trying to be part of the next big thing.

    On one hand you can blame the whole "outfund" mantra that birthed Uber. But I think the reality is there is just way more money floating around then there is viable companies to suck it up.

    So the real question is , is this a bubble?

    Personally, I don't think so.

    Over the past 15 years tech had been focused on creating new markets: video, search, social media

    But they are finally starting to turn backwards and eat all the traditional players.

    So is there a bunch of idiot funds with too much money to spend? Yes.

    Are startups still going to see great returns? Yes.

    Am i leaving Google for one? Yes.

    Market is on fucking fire and will be so for the next few years.
    Jul 20, 2021 0
  • New
    swe_gal

    New

    swe_gal
    Can anyone answer the sudden influx of money/interests in healthcare space? I see many health records AI- ML focused startups coming up and getting funded in millions on LinkedIn.
    Jul 20, 2021 6
    • New
      swe_gal

      New

      swe_gal
      Yes but so far I know, to access it 3rd party has to have patient consent via some Id proof/letter , do security check and wait for few weeks to get limited data due to HIPAA law. Not sure about how easily patients can access it but still the process is time consuming.
      Jul 20, 2021
    • Yeah that's sort of the big challenge and for good reason. I was more alluding to how traditionally it has been like pulling teeth to even keep them from reverting back to pen and paper
      Jul 20, 2021
  • Netflix
    benzene

    Go to company page Netflix

    benzene
    Traditional markets are not yielding good returns so high risk high reward VC is where folks are going
    Jul 20, 2021 0
  • How else are they going to pay $400k+ to engineers?
    Jul 20, 2021 0