After Thomson Financial and the NVCA released fund-raising stats yesterday, most media outlets focused on the number of funds raised or the total dollar amount pulled in (68 funds raised $7.1 billion). But the big takeaway should be the growth of expansion-stage and late-stage fundraising.
Although 39 early-stage funds (led by such stalwarts as Draper Fisher Jurvetson and Emergence Capital Partners) raised about $2 billion during the quarter, 10 expansion funds raised $2.8
