Venture Capital Liquidity Report
September 25, 2013
In its 2H 2013 VC Liquidity Report, PitchBook offers an analytical overview of VC exits, dating all the way back to 2004. This report looks at valuation trends, EBITDA multiples and capital raised, with a breakdown of exits by type, sector and year. Among other findings, the VC Liquidity Report concludes that VC-backed companies are generating higher valuations despite raising less capital prior to exit and that the median exit multiple sits at 10.9x, which is the second highest level in the last decade.