How much funding will private U.S. tech companies 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 "private" if it's not publicly traded. 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.
For the third quarter of 2020 -- not reflected in the graph below -- private U.S. tech companies raised $6.8 billion in July, $9.3 billion in August, and $14.1 billion in September, for a total of $30.2 billion. The chart below does not include an anomalous $100 billion raised by Broadcom Limited in February 2018.
The data underlying the graph is here.
This question is a metric for the following scenarios:
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The answer is $55.1 billion.
|Possible Answer||Correct?||Final Crowd Forecast|
|Less than $40 billion||5%|
|Between $40 billion and $60 billion, inclusive||21%|
|More than $60 billion but less than or equal to $80 billion||37%|
|More than $80 billion but less than or equal to $100 billion||25%|
|More than $100 billion||12%|