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Pitchbook: The Number of Active VCs is Down 62% From Its Peak. And Down Again in 2024.

  • The number of active venture capital (VC) investors is down 62% from its peak and is expected to be down even further in 2024.
  • 25% of VC investors active in the previous year have paused new investments.
  • While AI is fueling a boom in venture investing and unicorn investments, IPOs have slowed down and M&A activity is significantly reduced.
  • Revenue multiples are down, making it challenging for VCs to make profits, and most VC funds, except the top ones, are struggling to raise new funds.

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