The Bar Has Moved: Venture’s New Software Dichotomy

AI coding tools are making software faster and cheaper to build. That does not make software startups easier to fund.
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AI coding tools are making software faster and cheaper to build. That does not make software startups easier to fund.

If 2023 and 2024 were defined by correction and caution, 2025 is shaping up to be the year of concentration. 50% of all the venture capital raised in 2025 went to 1% of the companies… and as you may have…

The road to Series A has never been easy—but in 2025, it’s steeper, faster, and far less forgiving than before. For founders planning their next funding milestone, it’s not enough to show early traction anymore. You’re being benchmarked—fairly or not—against…

“Founders, heads up – if you’re planning to raise a VC round every 18 months, you’re planning to fail these days.” Peter Walker, Head of Insights at Carta The venture capital landscape has shifted. The rapid-fire funding rounds of the…
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