February 19, 2014 - In a post written for the Altos Ventures blog and seen on PandoDaily, Anthony Lee breaks down the “Series B Trap” – when a company raises a large VC round (usually at a high valuation) and ramps up spending, but doesn’t achieve promised growth targets because its fundamentals weren’t sound.
February 5, 2014 - The notion that it is cheaper and easier than ever to start a company is a widely accepted trend shaping the startup ecosystem. This is true for a variety of reasons.
February 5, 2014 - The 10 year time horizon of the US Venture Capital Index ® by Cambridge Associates LLC continued its improvement in Q3 2013 to 8.58%, approximately one point higher than the three major public indices. While shorter-term performance slightly lags the public indices, longer-term performance significantly exceeds the public markets. As expected, the Late Stage US Venture Capital Index outperforms the Early Stage Index in the shorter hold periods, while the Early Stage Index outperforms over the longer time horizons.
February 5, 2014 - Venture capital isn’t the only funding option for startups. Vice President Andy Weyer explores the different types of debt financing that venture banks provide to growing technology and life sciences companies throughout their life cycle.
January 22, 2014 - In Q4 2013, there were 81 venture backed M&A transactions with $5.3B in disclosed deal value. While disclosed deal value increased this quarter, the number of transactions and total disclosed deal value are down 23% and 35%, respectively, over 2012. However, disclosed deal value is highly dependent on the mix of M&A deals disclosed and the number of deals disclosed is similarly down 31% from 2012.
January 22, 2014 - In Q4 2013, 49 US venture capital funds raised $4.9B. While this was the strongest quarter by dollars raised since Q3 2012, 2013 was the weakest annual fundraising period since 2010. Number of funds raised fell 11% from 2012, while dollars raised fell 15%. Average fund size also dropped 4% to $90MM.