News & Analysis

PitchBook's venture capital analysts have produced a data-driven outlook summarizing the primary key trends that will shape the global venture industry in 2018.

Key themes:

• Unicorns will hit the exits, with haircuts coming to several
• Net cashflows to limited partners will stay positive as exit value gets a boost
• ICOs will become more institutionalized
• Fintech consolidation will accelerate as business models mature & tech giants move into financial services
• Continued bifurcation of VC valuations, with late-stage pricing remaining elevated while angel & seed sees a pullback
• Alternative exits become less of an alternative
• Median fund size will continue to grow
• Venture activity will increase in entrepreneurial hubs outside California