Silicon Valley Bank – State of the Markets, 1H 2025

Venture investment is booming, companies are raising colossal rounds and valuations are flexing to all-time highs. That is, if you’re an AI company. For the rest of the innovation economy, times are slower. Deal activity is stagnant, valuations are low, and exits are limited. AI is seen as a transformative platform shift. Companies are focusing on efficiency, managing burn, and moving closer to profitability. A potential drop in interest rates could spur growth and investment. Notable companies like Chime, xAI, and Stripe are positioned for public offerings in 2025. A less aggressive anti-trust policy could lead to increased M&A activity.