"If a VC doesn't write second and third checks into their investments … that VC just isn't as valuable as one that does. Ask. Just ask. Ask how often they write second checks." pic.twitter.com/yJ358OrpXA — Jason ✨👾SaaStr.Ai✨ Lemkin...
Wondering what B2B + AI VCs will think your start-up is worth today? We’ve pulled all the data and numbers into one simple VC Valuation Calculator here. Try it — it’s Free! We’ve pulled together all the latest data from: 4,000+ funding rounds...
Winner-Take-All Has Taken Over Venture. The Top 1% of AI Start-Ups Are Valued at 3-10x ‘Normal’ Multiples Based on fresh Carta data from 3,001 primary rounds raised by US startups (Sept 2024 – August 2025). The venture capital market has officially...
What’s happening in venture capital right now. At some level, if you’re not one of the chosen few mega-startups … you’re essentially competing for table scraps. Because the Age of AI has led to not just massive rounds being raised, but those...
It's not a flag when a founder picks new VCs for the next one Many reasons for this It's a pretty big flag when none of a founder's last VCs want to invest in the next one Are exceptions, but usually a sign — Jason ✨👾SaaStr 2025 is May 13-15✨ Lemkin...
So Venture Capital is back in force — but not for everyone. 71% of all VCs dollars are going into AI VC dollars are more and more concentrated into winners at growth stage Many traditional B2B VCs are now looking for faster growth than even T3D2 today, in the...
Dear SaaStr: Is it True VCs Don’t Like to Invest Where Founders’ Equity is Fully Vested? Yes, it’s true but … #1. VCs Are Less Rigid Here Than They Used To Be If a deal is hot and you have multiple offers, VCs won’t push as hard here as...
10 Things Founders Do That Reduce The Odds They Get Funded So the other day I was introduced to what looked like a great founder. The space was a bit unusual but that’s OK. I asked the founder to send me the most detailed deck he could so I could do my homework. He...
Quick Take: Building a successful startup isn’t about luck – it’s about methodically executing on five key areas that separate the 35% of companies that make it past Series A from the 65% that don’t. Here’s a playbook from someone who’s...
"You don't have to raise $10m, $20m, $100m in venture capital. You can raise just one round if you want. A one-and-done. And maintain so much more optionality." w/ @thesamparr pic.twitter.com/6IGJrVB5GT — Jason ✨👾SaaStr 2025 is May 13-15✨ Lemkin...
Dear SaaStr: How do VCs pick which seed investments to make? There is one common factor, that founders know, but often lose track of in their pitch: every VC, at any stage, is looking for outliers. No matter the price or how early or late. Your pitch, your team, your...
It’s a weird thing, but some of the worst fundraising advice comes from … your existing investors. Why? It’s usually not wrong, it’s just often, so, so biased: Accelerators view VCs as fungible. They often tell you to raise at the highest price irrespective of...
Dear SaaStr: What Are The Unspoken Downsides of Being a VC or Angel Investor? Look the downsides are small folks. As a founder, you are often days away from total failure. This basically never happens for VCs, and even when it does, it happens over a decade+ (life of...
Dear SaaStr: What’s considered a large amount of money for an investor? The answer isn’t obvious from the outside. And it’s something founders should know. Is $1m a lot? $100k? $20m? It really varies by VC and by fund. A rough answer is...
So as we’ve discussed recently on SaaStr, at the moment Venture Capital is in a bifurcated world. Big AI Growth rounds are absorbing enormous amounts of capital, a record amount. But ordinary B2B VC deals are down. We saw that across 2024 per EY and other data here:...