« back to reports
PitchBook Analyst Note: VC Returns by Series: Part II

Q1 2020

PitchBook Analyst Note: VC Returns by Series: Part II

January 29, 2020

PitchBook Analyst Note: VC Returns by Series: Part II
Download report
In this second exploration in deal-level returns by series, PitchBook analysts investigate how the sector and vertical focus of a company affects eventual returns. Explicit sector specialization is one of the most common ways investors differentiate themselves from their peers, and the slices broken down in this note highlight starkly different risk and return characteristics. Our analysts home in on specific returns within the technology and life sciences sectors while also diving deeper to the vertical level to examine artificial intelligence & machine learning, cybersecurity and fintech VC return profiles.