Part IV: Strategic Capital, Liquidity, and Regulation
Chapter 22
Global Venture Ecosystems
Venture began in the United States and remains dominated by it: on PitchBook's and Crunchbase's figures, the US took roughly 60–65% of global venture dollars in 2025, a higher share than in the 2010s, because AI mega-rounds were concentrated in US companies. Every major economy now has its own ecosystem.
The preview ends here. The full chapter is in the book.
In this chapter
- 22.1Ingredients and government
- 22.2Currency, exits, and geopolitics