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

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

This is not a difficult stat to unearth. So far this year, just seven companies raised more than half of all seed- through growth-stage investment. They’re mostly familiar names: OpenAI, Anthropic, xAI (now part of SpaceX), Anduril Industries, Databricks, Prometheus and The Boring Co. READ MORE