Venture Capital 2016 Data & Views from VCs and LPs VC Survey Data
US VC financing activity
With more money (and new non VC entrants) venture financings have obviously increased. 2015 was an enormous year (2x pre recession)
US VC # of rounds closed by stage
Angel & Seed deals have grown fastest but dollars have scaled massively into a smaller number of later-stage deals (doubling in just 2 years)
Non-VC participation in US $20 million-plus rounds
And the dollars into late-stage deals has largely been driven by nontraditional VCs entering the market (up 50% in the last 3 years)
US VC-backed M&A activity
M&A pace hasn’t matched the increases in funding pace so VC mark-ups have been good but cash distributions less so
US VC-backed IPO activity
IPO exits are down 32% in volume and 38% in value
How many boards do you sit on or observe?
With fewer VC exits many partners are more overloaded with boards and financings. 77% of surveyed VCs sit on or observe 4+ boards
How many first check investments do you and a typical partner at your firm make each year?
How would you describe your outlook on valuations right now?
Do you expect valuations to go up, down or remain about the same as previous quarters?
Do you expect deals to take longer in the process than previous funding quarters, the same or shorter?
Which statement best describes the spending behavior at most of the companies in which you are on the board or observe?
Do you think your firm will make more new first check investments or fewer in 2016 vs. 2015?
How would you generally describe your investment mindset heading into 2016?
Which of the following statements best describes your mood heading into 2016
159 VCs surveyed
