Valuations Keep Climbing: 2H14 Global VC Valuations and Trends
September 10, 2014
Valuations in the VC industry spark much discussion nowadays, as record numbers of startups collect funds at exceedingly high markups. The much-discussed topic requires context, however, and that's where PitchBook's Global VC Valuations & Trends 2H 2014 Report comes in, dissecting over 10,000 valuations across the spectrum of the VC cycle. In addition, valuation trends and percentage changes between rounds are broken down, as well as their relation to exits. We also took a look at the relationship between VC valuations and the value of the NASDAQ index. Unsurprisingly, the public and private markets largely mirror each other, even at the early stages.
Highlights from this report include:
• Record number of VC-backed companies at $1 billion+ valuations
• Median Series B valuation jumps to $41 million
• 66% of VC financings were "up rounds" in 2Q 2014, the second highest percentage since the financial crisis