Twenty-Seven Checks and Everyone Else
Q3 2026 venture funding hit $159B, with 27 mega rounds taking a third. Bruce Bendell on concentration, secondary discounts and finding the real price.
Q3 2026 venture funding hit $159B, with 27 mega rounds taking a third. Bruce Bendell on concentration, secondary discounts and finding the real price.
Climate tech raised $19.6B in Q3 2026 across just 686 deals. Bruce Bendell on why EV and climate investing is really about pricing factories, batteries and loans.
Follow-on venture debt rose from $4.7B to $12.3B. Bruce Bendell on why startup loans now sit in private credit portfolios and why they are so hard to sell.
Tender offers now give startup employees liquidity without an IPO. Bruce Bendell on who gets paid, who waits, and why private shares need a standing market.