Wilson Sonsini’s Entrepreneurs Report for the first half of 2024 is now available, offering critical insights into the current private company financing landscape. Valuations remain subdued across Seed to Series C stages, with many still below their recent peaks. However, later-stage companies are beginning to see larger fundraising amounts, suggesting a cautious but emerging confidence among investors.
A notable theme in the report is the decline in down rounds, indicating that investors are shifting their focus toward healthier, more sustainable startups. This trend, coupled with steady momentum in pre-seed notes and a dip in post-seed raise amounts, reflects a mixed yet cautiously optimistic venture capital environment.
The report also highlights significant changes in Delaware’s corporate law, which could have substantial implications for governance rights among venture-backed startups. These legal developments, along with the financial trends observed, are shaping the venture landscape as we move into the latter half of 2024. Access the full report here.