VCs poured $75 billion into Q4, but five deals gobbled 40%
VCs pumped $74.6 billion into U.S. startups in Q4, yet $32 billion—over 40 %—went to just five AI‑heavy unicorns. The median startup saw no uplift, underscoring a widening funding chasm that leaves most founders still hunting capital. Expect future rounds to stay concentrated among AI leaders.