https://techcrunch.com/2022/07/05/raising-big-money-in-a-sour-market/

One easy complaint to make when it comes to venture capital is that it’s mostly not. Venture-ous, that is. It’s definitely capital.

During the last decade, for example, a huge portion of venture capital investment went into software-as-a-service companies, some of the least risky private technology companies out there. Sure, some fail, but the SaaS model tends to be durable, and its performance trackable to the point that anyone with a pencil can model out future growth and come to a valuation conclusion.