2022 has seen a marked decline in venture funding down 23% in Q2, the largest quarterly percentage drop in funding in nearly a decade. This signals a cooling off in the venture market, however the overall dollars going into venture are still almost double what they were in 2019. Perhaps more importantly, there is also an estimated $290 billion dollars of undeployed venture capital. That’s almost double the annual average amount from 2016 – 2020.