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For Manu Bansal , founder of , raising a seed round from a16z was not a very difficult journey. His previous company, Uhana, launched in 2016, was backed by NEA and had been acquired by VMWare in three years. So he had demonstrated ability when it came to not just building a product, but building a company, attracting a team, generating revenues and most importantly, getting it to a good exit. But a challenge came up in 2021 as he was raising the seed round — the venture funding market got white-hot. In 2016, total VC investments in the U.S. were about $80 billion. By 2020, the capital deployed had ballooned to $164 billion, according to PitchBook NVCA. By all means, 2021 will top this trend. Full story

24 October