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PitchBook Analyst Note: 2018 Venture Capital Outlook

1Q 2018

PitchBook Analyst Note: 2018 Venture Capital Outlook

January 9, 2018

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