Primary Venture Partners released a report today on the state of the Seed Stage investment market in NYC for Q2 and the results show a noticeable slowdown in funding activity. According to the report, Q2 2016 was more than 40% below Q2 2015 in both dollars and deals.
Now this all should be taken with a grain of salt since Q2 2015 was a monster quarter for NYC funding activity and yes, activity can slow down for a few months without the sky falling. Still it’s data that is important to founders, and really important to keep an eye on.
Here’s a handy infographic that gives a deeper look-into the VC funding that took place in NYC over the last quarter:

Morgan as you probably know the internals of the stock market are terrible as it makes it’s topping process right in this area. The AD line etc etc. That said the 40% reduction in seed money is understandable-the risk has just become elevated. Where will the seed monies “takeout” come from in a stock market collapse? Or even a perceived severe market downturn.