👋 Hey - Egemen here. |
Something shifted in the past few months, and I think you can feel it too. The money is coming back to venture, but it is coming back different in a smarter, pickier way. |
And honestly, I think that is a good thing for those of us building real businesses. |
Here's a snapshot of what's on the menu today: |
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💡 Spotlight
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Here is what the data is telling me: investors have developed a barbell strategy. |
They are writing big checks into late-stage companies with proven metrics, and they are making selective bets on early-stage teams with undeniable traction. |
The middle ground, the Series A and B territory, has become much harder to navigate. |
The numbers back this up. Late-stage funding now accounts for 47% of all capital raised, up 11% from last year. The median late-stage round jumped from $30 million in 2024 to $45 million in 2025. |
Metric |
2024 |
2025 |
Avg. Deal Size |
$14.1 M |
$20.1M |
Median Late-Stage Round |
$30M |
$45M |
Late-Stage Share of Capital |
36% |
47% |
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Source: The Business Tycoon Magazine |
Meanwhile, average deal sizes across the board climbed from $14.1 million to $20.1 million. Fewer deals, bigger checks, higher bars. |
So what does this mean if you are raising right now? |
Your unit economics matter today, not in some hypothetical future.
Investors want to see a managed burn rate, a realistic growth plan, and a clear path to profitability.
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The days of funding big visions without solid fundamentals are behind us. |
I see this as healthy, that's a good thing. We are moving away from speculation and toward sustainable business building. |
The capital is out there for founders who focus on what actually matters: customer lifetime value, product-market fit, and building something people genuinely need. If that describes what you are working on, it's your market these days. |
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🗺️ Method |
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⚾️ Catch
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Creativity + Science = Ads that perform |
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☝️ Scaled This Past Week: LiveKit
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LiveKit has officially reached "unicorn" status after raising $100 million in a new funding round led by Index Ventures - it's the scale of the week! |
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LiveKit provides the essential open-source infrastructure that developers need to build and scale real-time audio and video applications, including sophisticated voice-enabled AI agents. |
Their platform handles the heavy lifting of low-latency networking and world-wide data centers, allowing teams to focus on creating seamless, interactive experiences for users everywhere. |
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Do you like SCALABLE? |
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