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A smaller sample of companies still produce robust results U.S. VC early-stage activity Deal value ($B) 735 699 697 U.S. early-stage and latestage VC activity 800 822 755 # of deals closed 760 726 747 739 645 612 $3.7 $3.9 $4.6 $4.6 $5.5 $5.1 $6.8 $5.3 $6.9 $6.1 $6.0 $6.6 Even as round counts fell once more at the early stage in the U.S., the amount of capital invested remained more than robust—in fact, the $6.6 billion invest