ALIGNMENT

So it's not surprising to see fund sizes grow rapidly with rising markets and more attention to the VC industry from non-traditional players looking for opportunities for yield in the most recent market cycle. Right now, we are seeing the highest average fund size in venture capital history. Today, 66% of all U.S. venture dollars in are in funds of $500 million or more, and 13 of the 15 largest-ever venture funds have been raised since 2015.