In 2026 so far, U.S. VCs have deployed a record-shattering $412.7 billion. Almost none of it is trickling down.
U.S. venture capitalists deployed a record $412.7 billion in the first half of 2026, with 86% going to AI deals and 91% to deals of $100 million or more, according to a PitchBook and NVCA report. The market is hyper-conc…