Blitzscaling Ventures Apr May Jun Deal Analysis

for those three months? Yeah, I mean, really, usually the most interesting piece of data is just how much activity was there.

And we're still hovering around 100.

So April was 94, May was 107, June was 118.

So averaging above 100 a little bit, and that's where we've been for most of the year, a lot of last year, way above the doldrums of 2022.

So AI has driven a lot of activity in venture, and it feels like a pretty go-go time right now.

Certainly in Q2, it was.

General Catalyst was the investor that had the most volume.

So they were the ones who just did the most deals, which is almost half the time.

It's General Catalyst.

A lot of times it's Andreessen.

And Excel or Sequoia will poke their way in there sometimes.

It's rare that...

I think Lightspeed just

made it in once or twice.

I think so.

You know, it's these bigger platform funds that have multiple funds that are investing all over the world and in different sectors.

And they've got billions and billions under management.

And it's just hard to beat them for volume in deals or dollars.

Not that they... necessarily have the best performing funds.

Their performance, you know, are sort of all over the place, just like every other venture firm.

Some of them are great, and some of them struggle.

But the best ones are usually the smaller funds that are a little more focused and can really do a 10x.

It's hard to 10x a $2 billion fund or a $10 billion fund.

But they're going to win the volume race every time.

So that's where we are this quarter.