Changes

The goal of Venture Capital is to stimulate growing businesses by providing capital with the expectation of appreciation. Venture capitalists will invest in whichever businesses they see fit. While the precise definition of "fit" companies varies by venture capitalist, there are industry-wide trends. Take, for instance, the dot com boom. In that time period, Venture Capital reached an all time high of $27M in 1999 [https://www.statista.com/chart/2732/venture-capital-investments-in-the-us/]. Like in any other market, there are trends in VC investment. Moreover, these trends tend to reflect greater movements within the economy (as we saw with the boom in '99-'01, the decline in the recession).