Special Offer: Subscribe today for a free ticket ($499 value) to The Future of Startups. Redeem Now
Illustration by Scotty Reifsnyder
Venture Capital Startups Markets

A Summer Slowdown in Venture Capital? Not This Year

Photo: Illustration by Scotty Reifsnyder

Private tech investing usually slows down in July and August when startup investors take a hiatus from pitch meetings and escape to their sunny destination of choice. But with vacations canceled because of the coronavirus, venture capitalists are entering into new investments at a rapid clip.

Startups seeking early-stage funding say they’ve seen a surge in interest, while some investors say they’re doing more than double the deals they’d usually do. All this activity follows a slow spring, when venture capitalists were focused on financing bigger, older private companies rather than small upstarts. This summer’s flurry of early-stage deals shows that investors are once again willing to take on riskier bets, a sign of optimism in what’s turned out to be a wildly unpredictable year. 

“I’ve never seen it more competitive than this,” said Geoff Lewis, co-founder of Bedrock Capital, a $350 million venture fund that makes Series A investments.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing
Internet Outages, Verizon and Value: The Information’s Tech Briefing
Verizon technicians installing fiber optic cable in New York. Photo by Bloomberg
If you’re on the East Coast, you might have experienced the internet outage this morning that played havoc with Zoom calls, Gmail and other everyday working tools. Unlike previous outages, this wasn’t caused by a cloud provider like AWS or a specific application like Slack but by Verizon, which owned up to a “fiber cut” in Brooklyn. It’s a reminder of the critical...
Latest Briefs
 
ByteDance Lays Off Staff in India After Government Extends Ban
China Central Bank Chief: Ant IPO Could Resume Once Problems Solved
Microsoft Shares Jump on Pandemic-Related Gaming, Cloud Sales
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Clubhouse Co-Founder and CEO Paul Davison. Photo: Bloomberg
Exclusive Venture Capital Startups
Clubhouse Gets Investment Interest at $1 Billion Valuation
Update : On Sunday, Clubhouse confirmed it raised a Series B round led by Andreessen Horowitz. Read more details in our brief .
Org Charts Startups Markets
The People With Power at Robinhood
Last year, as Robinhood’s trading activity boomed and legal problems mounted, the $11.7 billion startup shook up the ranks of its senior staff.
A truck next to an Amazon delivery station in New Jersey in October. Photo by Bloomberg
Exclusive Travel E-commerce
Amazon Expands Secretive Trucking Program
Amazon’s effort to exert control over the trucking of goods to its customers is moving quickly.
Photos by Bloomberg; Shutterstock. Illustration by Mike Sullivan
The Takeaway Policy
I Helped Uncover QAnon. Failed Prophecies Won’t Kill It
I first stumbled upon the collective delusion we now refer to as QAnon in November 2017, just a few weeks after it began as a series of conspiratorial posts on one of the internet’s more untamed bulletin boards.
Rioters breached barricades to enter the U.S. Capitol  on Jan. 6. Photo: Bloomberg
Exclusive Travel Policy
Airbnb Used Facebook and Twitter to Weed Out Hate Groups
For the past few years, a specialized team of about half a dozen employees within Airbnb has been assigned an urgent task: preventing white nationalists and other potentially dangerous fringe groups from renting homes on the site.
Zach Perret, CEO and co-founder of Plaid, spoke during the Silicon Slopes Tech Summit in Salt Lake City last year. Photo: Bloomberg
Exclusive Venture Capital Startups
Plaid Shareholders Field Offers at $15 Billion After Merger Collapse
Normally CEOs that opt to sell their companies aren’t happy when the government blocks the deal over antitrust concerns.