1Q 2018 PitchBook Analyst Note: 2018 Venture Capital Outlook
January 09, 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