How much funding will U.S. tech startups raise between July 1 and December 31, 2020, inclusive?
For more on this metric, see the accompanying Foretell metric analysis: "Are Established Tech Companies Crowding Out Startups?"
Data and resolution details. This question resolves based on Crunchbase data. Crunchbase classifies every company under multiple “category groups.” For this question, companies are classified as “tech” if software, hardware, internet services, or information technology are among their category groups. These categories are overlapping. A company is classified as a startup if the funding round in question is any of the following: pre-seed, seed, angel, series a, series b, or venture round. This question resolves on January 30, 2021, 30 days after the forecast period ends. The question -- and the graph below -- therefore includes only transactions entered into Crunchbase within 30 days of the date of its announcement. Historically, 80% of new funding is entered into Crunchbase within 30 days.
Between July 1 and July 31, 2020, U.S. tech startups raised $1.5 billion. August is poised to be more lucrative. As of August 31, Crunchbase already includes transactions totaling $3.9 billion for the month.
The data underlying the graph is here.
This question is a metric for the following scenarios:
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The answer is $18.7 billion.
|Possible Answer||Correct?||Final Crowd Forecast|
|Less than $12 billion||6%|
|Between $12 billion and $16 billion, inclusive||16%|
|More than $16 billion but less than or equal to $20 billion||37%|
|More than $20 billion but less than or equal to $24 billion||27%|
|More than $24 billion||14%|