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Most Venture Capital Is Going To Companies That Are Founded Or Led By Billionaires

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Illustration of founder looking at HUGE pile of money. [Dom Guzman].

Most U.S. venture capital nowadays goes to companies founded or led by men who are already billionaires.

Key facts

Summary

This is not a difficult stat to unearth. These companies raised more than $260 billion in equity funding in the first 10 months of the year. Founders and CEOs of these seven companies are also well-known, and exceptionally well-off to boot. Musk founded xAI and The Boring Co., and also co-founded OpenAI, (though he has no known equity stake in the latter).

Read full article at Crunchbase News →

#Databricks #Anthropic #OpenAI #xAI #SpaceX #Anduril