Feng dug into the changing ratio between enterprise-focused Seed deals and consumer-oriented Seed investments over the past decade or so, including 2019.
Feng’s data details a change in the majority, with startups selling to other companies raising more Seed deals than upstarts trying to build a customer base amongst folks like ourselves in 2019.
After all, what happens with Seed deals today will turn into changes to the unicorn market in years to come.
Let’s peek at a key chart from Feng, talk about Seed deal volume more generally, and close by positing a few reasons (only one of which is Snap’s IPO) as to why the market has changed as much as it has for the earliest stage of startup investing.
In 2016, however, a new trend emerged: a gradual decline in consumer Seed deals and a shift towards enterprise investments.
So, we’re seeing a healthy number of deals as the consumer-enterprise ratio changes.