The venture capital money machine is spinning again
Figma’s blockbuster IPO highlights the outsized gains that can be made from early-stage investment
Figma’s blockbuster IPO highlights the outsized gains that can be made from early-stage investment

Listing closely watched by Silicon Valley venture capitalists looking to realise more start-up investments

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

SpaceX, OpenAI and Anthropic will break new ground — potentially with the scale of their losses

Plus, the blockbuster IPOs putting bankers under the microscope

Portfolio management should be based more on themes such as innovation

Mega funding rounds create ‘fortress balance sheets’ as investors advise top groups to brace for tougher markets