More than $82 billion was pumped into American start-ups and new businesses by venture capitalists and other investors during the third quarter of 2021, signalling optimism and opportunism that the US economy will continue its upward trajectory, Wired reports.
The amount of American investment was more than half of all investor capitol laid out in the quarter, and it put the amount of dollars invested in startups through 2021 at more than all invested throughout the previous year.
David Hsu, who researches venture capital at the University of Pennsylvania’s Wharton School of Business, believes that there are many elements contributing to the increase in venture investment. Hsu believes that nascent technologies, like blockchain and AI, have led to a number of new startup innovations. “Other companies benefited from the Covid economy, such as some areas of ecommerce and deliveries,” he says.