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US VC cash flows ($B)

Mayfield FundFebruary 2026
US VC cash flows ($B)
Chart by Mayfield Fund. Source: mayfield.com

The chart illustrates annual US venture capital contributions, distributions, and net cash flows from 1997 to 2025.

LabelValue shown on the chart
1997 Net cash flow-$5
1998 Net cash flow-$10
1999 Net cash flow-$15
2000 Net cash flow-$16
2021 Net cash flow-$8
2022 Net cash flow-$50
2023 Net cash flow-$39
2024 Net cash flow-$62
2025 Net cash flow-$45

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