More money than ever is pouring into VC. At the end of 06/22, VC funds had a record $290B of dry powder, which represents a $100B increase over an 18 month period. But this hardly captures the massive increase in capital allocated to the space. Per the FT:
[In 2021] Hedge funds, private equity funds, mutual funds, corporate VCs and sovereign wealth investors … pumped $500bn into start-ups globally, or twice as much as all the money invested by traditional VCs. This was up from only $180bn the year before.