Is this happening because start-ups are getting series A financing later in the life of the company? It used to be that you needed VC just to build and launch a

Is this happening because start-ups are getting series A financing later in the life of the company? It used to be that you needed VC just to build and launch a business, but these days the business can be much more real and the founders more proven by the time they're ready for VC. Startups are getting further and further on seed and angel funding due to advancing technology.