On-demand webinar
Q3 2023 PitchBook-NVCA Venture Monitor
An increasingly investor-friendly market is expected to further slow the pace of dealmaking, compress deal metrics, and set an even higher bar for startups across the VC lifecycle.
In partnership with the National Venture Capital Association (NVCA), Insperity, J.P. Morgan, Deloitte, and Dentons, this webinar highlighted key findings from the Q3 2023 PitchBook-NVCA Venture Monitor report and what investors should be aware of in 2024.
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Key topics
- The combined liquidity crunch and shuttered IPO window have left startups across all VC stages with fewer options for receiving capital.
- Dry powder figures appear strong, but without a consensus on whether the market has hit bottom, investors are more cautious than ever about deploying capital.
- Portfolio markdowns, the denominator effect, and rising interest rates have diminished LP interest in the VC asset class.
Related PitchBook Reports
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Featuring
Max Navas Research Analyst, Venture Capital, PitchBook |
Max Navas is a venture capital research analyst at PitchBook, where he contributes to the firm’s VC reporting. Prior to joining PitchBook, Max worked as a senior financial analyst at Defined.AI, a Series B startup in the AI space. Before venturing into the startup scene, Max worked as a senior portfolio manager at a Seattle-based VC micro fund, Keiretsu Capital. Max holds an MBA and a bachelor’s degree in English with a minor in mathematics from the University of Washington. He is based in PitchBook’s Seattle office.
Shiloh Tillemann-Dick Research Director, NVCA |
Shiloh Tillemann-Dick serves as the research director at NVCA. His work focuses on the development of qualitative and quantitative analytical products which provide the rest of the team with the material they need to tell NVCA’s story. Before joining NVCA Shiloh was the Political Director at the Leadership Now Project, where he developed the organization’s political strategy, oversaw expansion into eight new states, and organized the group’s 2022 candidate program. Shiloh is a graduate of Yale University and has lectured on analytics, public policy, and project management at the University of Maryland.
Donna JW Hare Sr. Business Performance Consultant, Insperity |
Donna JW Hare has more than 24 years of experience in the professional employer organization (PEO) industry. For the past 21 years with Insperity, Donna has been a senior business performance consultant advising C-level executives & HR leaders on strategies related to human capital and employment risk with a specialty in mergers and acquisitions, spinoffs, and exit strategies. Sixteen of Donna’s years at Insperity have been in the Middle Market segment serving clients from 150 to 5,000 employees. Donna served on ACG-Silicon Valley's board of directors and continues to support ACG and other partnerships at the national and local level as a speaker, author, and advisor. Donna also continues to participate in webinars and has published white papers on the importance of assessing the risk and value of human capital in M&A transactions, cultural alignment, and navigating today’s workforce. Donna is also an advisory member at the University of Houston Bauer College of Business’s Managing Human Resources Program.
Andy Kelly Managing Director and Relationship Executive, Venture Capital Coverage, J.P. Morgan |
Andy Kelly is a managing director and relationship executive in the Venture Capital coverage group for J.P. Morgan Commercial Banking, within the Middle Market Banking & Specialized Industries business. In this role, he is responsible for developing relationships with key VC firms from his base in the Bay Area. He is a current independent board member for US Speedskating, as well as a former board member for the American Red Cross’s Bay Area chapter and a former advisory board member for USAA.
Victor Boyajian Global Chair, Venture Technology and Emerging Growth Companies, Dentons |
Victor Boyajian is the global chair of Dentons Global Venture Technology and Emerging Growth Companies Group. Victor leads a global team focused on representing emerging growth technology companies, venture capital firms, corporate strategies, and private equity firms in a broad array of financing and strategic transactions from Silicon Valley to Boston to New York and around the globe.
Heather Gates Audit & Assurance Private Growth Leader, Deloitte & Touche LLP |
With more than 30 years of financial services experience, Heather serves as the national Private Growth Leader, with oversight of the Deloitte Private, Emerging Growth Company, and Private Equity businesses within Audit & Assurance.