Venture Funding Gap Widens between Seattle's Haves, Have-Nots

PUGET SOUND BUSINESS JOURNAL - The competitive world of venture capital funding has grown even more fierce in recent years.

It’s a byproduct of the intense age of artificial intelligence that is forcing startups to show parabolic growth early while investors, afraid of missing out on the next household name, make massive early bets to crown winners through sheer firepower.

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Outside of AI, Zheng said investors are bullish on aerospace, defense, fintech and crypto companies. In the Seattle area, Tukwila-based space startup Starfish Space landed more than $100 million earlier this month, while Kent-based reusable rocket startup Stoke Space landed $350 million in February. Stoke Space has raised $1.34 billion since its 2019 founding.

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