Too Long; Didn't Read
Globally, investment in startups totalled $643 billion, representing a 92% YoY growth. Getting venture funding means the founders share their risks with the investors. Some funds provide their portfolio startups with perks like free access to business growth tools or top-class mentorship. Some VC-backed startups tend to raise follow-up investment rounds as they grow. Having a respected and well-recognized investor backing your startup paves the way to the future rounds, acting as a seal of approval for other VCs.