Family offices more than doubled their direct investments in startups last year to more than $120 billion, remaking the venture-capital landscape and launching a new wave of family-office funded entrepreneurs. Single family offices invested $123 billion in direct venture capital deals last year, up from $55 billion in 2020, according to a report from SVB Capital. Family offices accounted for 17% of all direct venture-capital dollar volume last year and 5% of the total number of deals — double their share from 10 years ago. The surge in deals reflects an explosion in the number and the size of family offices, and a sweeping shift in their strategies to focus more on direct investments in startups and companies. There are now more than 10,000 family offices worldwide — most created over the past decade — with over $6 trillion in assets under management. Direct investments are the…