Informationweek
Last year was great for new technology firms. This year could be even better.
Image: sasun Bughda - stock.adobe.com
Despite the multiple challenges posed by the COVID-19 pandemic, 2020 turned out to be a boom year for technology startups. According to the latest Pitchbook-NVCA Venture Monitor, US startups set a record in 2020, earning $156.2 billion, erasing the previous mark set in 2018 ($142.7 billion) and last year’s total ($138.1 billion).
Jeff Grabow, US venture capital leader at business advisory firm EY, said he anticipates that the venture capital market will remain active and strong in 2021, but perhaps not quite as robust as last year. If a pandemic can’t slow the market, what can? he asked.
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