PitchBook and NVCA’s Venture Monitor for 2019 largely depicts continued trends from 2018: $100 million-plus investments, $2 million-plus average for angel and seed deals, and more than 10,000 investments of more than $100 billion. In a few cases, 2019 data suggests average deal sizes may have peaked in 2018, but more time is needed to clarify the trend. At the state level, California’s lead in VC deals continues to be eaten away by the next 10-15 most active states, while those in the bottom two-thirds of the country by deal volume continue to show limited growth.