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Venture Capital Outlook: 1Q Follow-Up


Venture Capital Outlook: 1Q Follow-Up

April 4, 2018

Venture Capital Outlook: 1Q Follow-Up
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As 2018 kicked off, PitchBook’s venture capital research analysts provided our outlook on key themes that would shape the venture landscape throughout the year. Here we take a look at how our themes have played out early in 2018.

Highlights include:

  • Continued bifurcation of VC valuations, with late-stage pricing remaining elevated while angel & seed sees a pullback
  • Alternative exits become less alternative
  • Median fund size will continue to grow
  • Venture activity will increase in entrepreneurial hubs outside California
  • Unicorns will hit the exits, with haircuts coming to several
  • Net cashflows to LPs will stay positive as exit values get a boost
  • ICOs becoming more institutionalized
  • Accelerated fintech consolidation