Insights into the Q3-2025 VC Funding Landscape: AI's Grip, Zombie Funds, and the Shift to Direct Investments

Family offices are filling early-stage gaps through co-investments and club deals (83% of their activity), offering more patient capital amid VC volatility.

In pre-seed stages, the emphasis is on de-risking: investors demand tangible traction, such as monthly recurring revenue ($10K-$20K in MRR) or proven customer validation.