The venture capital landscape is becoming increasingly concentrated, with six megafirms— Andreessen Horowitz, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners, Founders Fund and General Catalyst—now raising more capital than all other U.S. venture firms combined over the past two years, Inc. reports.

Their growth has been fueled by the enormous capital requirements of AI startups, the trend of successful companies remaining private longer and institutional investors’ preference for backing a small group of established fund managers. READ MORE