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May slowed down. Deal value dropped to $22.5B, down from $25.8B in April. That’s also around 34% lower than May last year. But YTD still ahead - $161.5B raised so far compared to $129.5B by this time in 2024. So there’s movement.. just more cautiou

VCs are being more selective but still deploying capital. The AI concentration makes sense, that's where the real disruption is happening. Thanks for the solid analysis with actual numbers.