PitchBook: VCs in the US have $311B in unspent cash, as they shy away from risky bets and focus on dividends, after raising a record $435B between 2020 and 2022 (Financial Times)

Financial Times:
PitchBook: VCs in the US have $311B in unspent cash, as they shy away from risky bets and focus on dividends, after raising a record $435B between 2020 and 2022  —  US venture capitalists are sitting on a record amount of ‘dry powder’ as they avoid risky bets on fledgling companies