🤑 Stat of the Day: LLM = ATM

The key to raising money in 2025: slap “AI” all over your pitch deck.

More than 70% of all venture capital investment in North America went to AI and machine learning startups in Q1 2025, up from 35% over the same period one year earlier, according to new data from research firm Pitchbook.

• On a global scale, AI startups took $73 billion from VCs last quarter—already more than half of 2024’s total AI deal value.

Mo’ money, mo’ problems: Experts say VCs piling into AI companies at such high rates means their investment outcomes will be very uneven—resulting in many winners, but also a lot of losers.

Overheard: “When a new market comes along, VCs kind of lose their head a bit, and just flood in without really understanding the underlying economics of a category. The jury is out on the economics of a lot of them,” 645 Ventures co-founder Nnamdi Okike told Pitchbook.

🤔 Did You Know? Sharks are older than trees. Fossil evidence suggests the toothy beasts have been around for ~450 million years, while the first trees took root ~350 million years ago.

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