John Gabbert September 25, 2016
If you caught our newsletter last week, you saw the announcement of our new partnership with the National Venture Capital Association (NVCA). It is a privilege to work with the NVCA and to co-produce our new quarterly report, PitchBook-NVCA Venture Monitor. I wanted to share a little more about this partnership, and why I feel it’s significant.
Data is at the heart of PitchBook. It’s the focus of both our business model and our company ethos. We believe we are building the great companies of tomorrow by providing our clients with the best data.
Ten years ago, amidst the financial crisis, I started PitchBook in a small office in Seattle to deliver a better way for industry practitioners to operate in the VC, PE and M&A markets. I felt too many sophisticated professionals were making decisions based on incomplete, inaccurate and stale data. I think we succeeded, with still lots more work to do.
As we approach our 10-year anniversary, we have over 270 researchers who have spent 2.5 million person hours to compile the best, most comprehensive database for our 1,700 institutional clients. Or as Maryam Hague, VP of Research at NVCA said, after the NVCA reviewed 11 competing data providers, “In the end, we learned that no data provider is perfect, but PitchBook is pretty darn close and stood out as the clear leader.” If you haven’t seen our flagship product, the PitchBook Platform–see for yourself.
The partnership with NVCA is a win for venture capital. It unites two like-minded organizations with a common goal of using data to ensure the long-term health of the venture capital ecosystem. NVCA is widely recognized as the go-to advocate for the venture industry, disseminating data and information to media, policymakers, firms and the public. Over the last 50 years, venture capital has become an integral, dominant force in the US economy. It creates jobs, drives innovation, and grows the economy.
I am proud to help NVCA unlock insights and elevate the discourse of venture capital. Working together with the NVCA, we’ll be able to truly paint a clearer picture of the impact of venture capital; and not only limited to the usual places like the Bay Area, New York and Boston–but in places like Austin, Minneapolis, Denver, Portland, Seattle and down on into the smallest, up-and-coming corners of the country.
Finally, as mentioned above, PitchBook and the NVCA will co-produce the PitchBook-NVCA Venture Monitor, a new quarterly report. With analysis on fundraising, investments, exits and other trends, I'm excited for the Venture Monitor to be the new authoritative review of US venture capital activity. (The first Venture Monitor is slated for release in early October. Sign up to receive it.)
Thank you for your support as we deliver a better way for the venture capital industry and the private markets.
As Founder and CEO of PitchBook Data, John Gabbert has more than 17 years of experience in developing research and workflow technologies for professionals doing business in VC, PE and M&A.
Prior to founding PitchBook in 2007, he was the Managing Director of Private Markets for Dow Jones & Company and VP of Worldwide Research for VentureOne, VentureSource and The Private Equity Analyst. He has also played a key role in six acquisitions/mergers (three as the acquired target and three as part of the acquiring/merged organization) by both strategic and private equity investors.
John attended the University of Washington, where he received his degree in business with concentrations in finance and marketing.