The first half of 2020 saw a record pace of VC funding, but much of the proceeds went to big venture capital firms, according to report from Silicon Valley Bank released Wednesday. There's still plenty of money flowing into the venture capital ecosystem, according to a report from Silicon Valley Bank released Wednesday. But most of it isn't going to smaller VC firms and early stage startups. The report also predicted that while little venture capital funding is aimed directly at social good, that might change. American venture capital has raised $285 billion since 2015, but only $13 billion of that has gone towards ESG (environmental, social and governance) initiatives.