The median wait time between a seed round and a Series A is much longer today than it was three years ago. At other stages, the difference is even more noticeable—though not in all sectors.

More than 30 new charts and accompanying analysis illuminate the key trends for startups, founders, and employees, including salary and equity data by job function, job level, industry, and more.

Activity in the space remains quite concentrated within a handful of primary hubs, but startup fundraising trends shift from year to year and offer insights on emerging regions.

The startup fundraising landscape is undergoing a clear resurgence from the post-pandemic slowdown. Carta has all the data, including trends in round sizes, valuations, dilution, and more, across every stage and every region of the U.S.

Opportunities for shareholders in private companies to generate liquidity through IPOs have grown more frequent. Another year of increased IPO activity may be a realistic expectation.