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Discover a few interesting phenomena about VC that are worth pondering:
First of all, the total financing amount in 2025 actually far exceeds that of 2024, indicating that capital has never truly left the market.
It's just that VCs are investing less now, but the amounts are larger, shifting from "casting a wide net" to "careful selection".
Secondly, the financing methods have undergone significant changes:
In addition to the regular seed rounds and Series A, VCs now prefer to engage in mergers, integrations, and even debt financing.