Venture Capital Has Exploded Since 2013

I don’t really have anything insightful to say about this, but I thought today’s chart in the Wall Street Journal about the origin of venture capital money was interesting:

The gist of the story is the rise of Asia, but really, the bigger story is simply the rise of venture capital. In 2004, total venture capital investment amounted to about $30 billion. Since then it’s grown at a rate of 13 percent per year. But most of that growth is in just the past four years: venture capital has exploded since 2013, increasing from $50 billion to $150 billion. So are we in the midst of another dotcom bubble? I report, you decide.

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We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

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