Kyle Rizdahl

I'm Kai Risdom.

I'm Kai Risdom.

Venture capital, should you have been wondering, is back.

Venture capital, should you have been wondering, is back.

Last year, $340 or so billion of capital was ventured.

Last year, $340 or so billion of capital was ventured.

That's at least $100 billion more than in any of the previous three years.

That's at least $100 billion more than in any of the previous three years.

The data comes courtesy of PitchBook and the National Venture Capital Association.

The data comes courtesy of PitchBook and the National Venture Capital Association.

So where have all those VCs been hiding and who's getting their money now?

So where have all those VCs been hiding and who's getting their money now?

Here's Marketplace's Daniel Ackerman.

Here's Marketplace's Daniel Ackerman.

The last spike in venture capital funding was back in the low interest rate, easy money days of 2021.

The last spike in venture capital funding was back in the low interest rate, easy money days of 2021.

Josh Lerner of Harvard Business School says it was like... A drunken frenzy where venture capitalists gave a lot of money to a lot of people at very high valuations.

Josh Lerner of Harvard Business School says it was like... A drunken frenzy where venture capitalists gave a lot of money to a lot of people at very high valuations.

But he says after any wild party... It's inevitable you're going to have a hangover.

But he says after any wild party... It's inevitable you're going to have a hangover.