Best of Linkedin: Venture Capital CW 29/ 30
Capital is not scarce this cycle, it is just picking favorites. Record global funding, record exit values, and a record concentration of both in a handful of AI names sit alongside a founder-level reality of longer diligence, harder term sheets, and funds that cannot deploy the way they used to. Beneath the headline numbers, the same pattern repeats across fund economics, regional markets, and marquee deals: capital is flowing, but it is flowing toward fewer hands, faster, with less patience for anything that cannot prove it belongs there.