Sean Dempsey Contributor
Sean is the co-founder and managing director of Merus Capital , a Palo-Alto based venture capital firm focused on early-stage investments. Before co-founding Merus, he was a principal of corporate development at Google. Before Google, Sean spent more than six years at Microsoft.
When it comes to big business, the numbers rarely lie, and the ones PitchBook and other sources have pulled together on the state of seed investing aren’t pretty. The total number of seed deals, funds raised and dollars invested in seed deals were all down in the 2015-2018 time frame, a period too long to be considered a correctable glitch.
The number of seed deals, defined as U.S.-based deals under $1 million, dropped to