Venture capital activity has shown mixed results in 2024 compared to the previous year, according to recent reports. While the overall value of venture capital deals and valuations in the third quarter of 2024 is up 17% compared to 2023, the number of funding rounds has decreased. This trend is particularly evident in early-stage investments, where pre-seed and seed funding have seen a drop, and Series A funding is facing challenges. In contrast, late-stage capital appears to be performing more positively. Experts suggest that companies with sub-$100 million in annual recurring revenue, which struggle to pass an S-1, are seeking capital infusions as they prepare for public offerings in the coming years. The venture capital landscape is undergoing a reset, with investors looking to engage earlier in the funding process and adapt to changing market conditions.