Donnelley Private Market Guide: The Challenges of Raising Late-Stage Capital
December 1, 2017
The inaugural edition of the Donnelley Private Market Guide addresses the challenges companies face as they look to undertake raising late-stage venture rounds. In the current market environment, there remains nigh-unprecedented access to capital, but investors are more and more cautious, particularly given how pricey financings have become. Scenarios for mature companies that have stayed private for some time are even more complicated, as the "unicorn" phenomenon has led to a cohort of large, private tech companies that have yet to undergo traditional liquidity events, but continue to keep raising significantly sized rounds.
This complicated market environment has changed the state of affairs for such fast-growing but large businesses looking to raise another round of capital to sustain even more growth. Accordingly, the Donnelley Private Market Guide: The Challenges of Raising Late-stage Capital discusses what founders need to focus on in order to be best prepared, grounding analysis in PitchBook datasets and including insight from Donnelley industry experts.