Startups hoping to raise a nine-figure round in the future had best temper their ambition; venture funding events worth $100 million or more are going extinct — quickly.
A few years back, nine-figure venture funding events were common. So much so that during my Crunchbase News days, we started to call them “supergiant” rounds to avoid having to spell out their size. Hell, we actually ran regular reports of rounds worth a few hundred million or more until sheer volume made it impractical. Good times.
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