Those in the industry hope to sustain last year’s growth. But there are problems under the surface.

Last year, venture firms raised more cash than ever before—and many in the industry predict the momentum will continue.

Even though 2020 was terrible for countless small businesses and startups, the venture industry raised $73.6 billion in the U.S. in 2020, blowing past the previous high of $68.1 billion set in 2018, according to PitchBook Data Inc., a financial-data and software company that tracks the industry. The activity was bolstered in part by investors who were flush with capital thanks to a thriving initial-public-offering…

https://www.wsj.com/amp/articles/the-venture-capital-trends-to-watch-11620578655