Kellblog · 2026-01-22 · 133d

Annual Predictions and Review: 2025 Retrospective and 2026 Outlook

Dave Kellogg reviews his 2025 predictions (scoring 6-7 hits out of 10) and presents his twelfth annual predictions post. Key themes include the continued startup ecosystem consolidation, AI's transformation of web discovery and content economics, tech billionaires' political alignment around favorable regulatory environments, and the shift from information scarcity to attention scarcity in digital markets.

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Metrics in this report

M&A Deal Count

1992-2152count

annual

venture deals 2024-2025

M&A Deal Count Growth

8%%

year-over-year

2024 to 2025

M&A Dollar Value

253-420$B

annual

2024-2025 venture M&A

M&A Volume Growth

66%%

year-over-year

2024 to 2025

Startup Shutdowns

769-966-1050count

annual trend

US startups 2023-2025