Stories

Venture capital's stakes are getting much higher

Illustration: Axios / Lazaro Gamio

Tech startups aren't the only ones in Silicon Valley that want to be unicorns. More and more VC firms are seeking to raise new funds of at least $1 billion, either for new flagships or growth-focused sidecars.

Why it matters: The last time we saw such a trend was during the dotcom era's waning days.