elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Are VCs really sitting on record amounts of cash waiting to be deployed into new startups? I wish. But if it sounds too good to be true, it probably is. — Anna
Record levels, but…
A recent guest post on TechCrunch+ wondered whether “record levels of dry powder [will] trigger a delayed explosion of startup investment.” The question relied on a postulate: That venture capitalists have raised plenty of funding that remains to be deployed. The idea that dry powder has reached record levels is commonly shared, and it is backed by data.
The mirage of dry powder by Anna Heim originally published on TechCrunch