VC Media Activity May Have Hit A High-Water Mark

VC Media Activity May Have Hit A High-Water Mark

The year was 2014. Two darlings of online media in the 21st century, BuzzFeed and Vice Media, had just raised a combined $550 million in two separate fundings, with BuzzFeed reaching an $850 million valuation and Vice’s worth soaring to a reported $2.5 billion.

That same year, investors completed 945 new VC deals in the consumer-focused media space, an all-time high. Early-stage investors were entering the entertainment business like never before.

In terms of pure deal flow, it would prove to be a high-water mark. In the years since, the quantity of completed VC financings in the global B2C media industry has plummeted, falling to just 541 during 2016, according to the PitchBook Platform, a drop of nearly 50%.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More

The average amount of capital invested in those deals, though, is trending in the opposite direction. That figure rose from $4.1 mill