Veteran seed investors and industry analysts offer a number of reasons for the decline.
They cite concerns over inflated valuations as well as a tepid market for initial public offerings, which provide seed funders a way to recoup their investments. After some much-hyped IPOs such as GoPro Inc, LendingClub Corp and Fitbit Inc lost their sizzle, Wall Street has curbed its appetite for shares in unproven private companies with billion-dollar-plus valuations.
And while data show that about 70 percent of seed-funded companies never make it to the next level, there is no shortage of interest from investors.
Reuters article: https://www.reuters.com/article/us-venture-seedfunding/seed-funding-slows-in-silicon-valley–idUSKBN1AH31J