Venture capitalists continue to write big checks to fewer startups.
According to a new data report from PitchBook and the National Venture Capital Association (NVCA), 1,683 venture-backed companies raised $28.2 billion in funding during the first quarter (1Q) of 2018. This is the highest amount of capital deployed in a single quarter since at least 2006.
It is also the fourth consecutive quarter where more than $20 billion has been deployed. The downside is that more than one-quarter of the total…
