E- E-COMMERCE Loading... : Bullish and Bearish Analyst Opinions

Even though most VC attention is on AI, Dave argues fintech and e-commerce are still large, growing, and not overfunded, especially outside the US and in emerging markets, making them attractive areas despite being out of favor in the US venture world.

1. THE FACT: US holiday online shopping surged +6.8% YoY to a record $257.8 billion between November 1st to December 31st, 2025, marking at least the 6th consecutive annual increase. There were 25 days where daily spending exceeded $4 billion, up from 18 days in 2024. 2. THE BRIDGE: Strong and consistent growth in online holiday spending indicates robust consumer demand and a continued shift towards e-commerce. This trend benefits companies operating in the online retail space. 3. THE VERDICT: Record-breaking holiday online shopping growth suggests strong consumer spending and a positive outlook for the e-commerce and retail sectors.