Leaders from Venture Capital Honored at NVCA Leadership Gala & Summit

Chuck Newhall, Diana Frazier and Jeff Fagnan Recognized for Service and Commitment to Venture and Entrepreneurial Ecosystem

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today honored three leaders of the venture capital industry with awards for their significant contributions to advance innovation, strengthen the industry and promote entrepreneurship.  At the Second Annual NVCA Leadership Gala & Summit held in San Francisco today, NVCA presented the Lifetime Achievement in Venture Capital Award to Chuck Newhall, Co-Founder and Retired General Partner of New Enterprise Associates (NEA), the Outstanding Service Award to Diana Frazier, Co-Founder of FLAG Capital, and the American Spirit Award to Jeff Fagnan, Founder and General Partner of Accomplice Ventures. (more…)

Venky Ganesan of Menlo Ventures Appointed Chair of NVCA Board of Directors

Seven New Directors Elected to NVCA Board for Four-Year Term

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today announced that Venky Ganesan, Managing Director of Menlo Ventures, will serve as the 2016-2017 Chair of the NVCA Board of Directors.  His appointment was made official today at the Second Annual NVCA Leadership Gala & Summit in San Francisco, CA. (more…)

Business Tax Reform Should Focus on Strengthening Startup Creation

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement as the Senate Finance Committee held a hearing to examine business tax reform.

“Today’s hearing was an important one and we are supportive of congressional efforts to continue the discussion around business tax reform.  However, because the success of innovative startups has become so important to economic growth, any discussion around tax reform must be expanded to consider ways that tax reform can encourage the creation of more U.S. companies as well as bolstering the competitiveness of larger firms,” said Bobby Franklin, President and CEO of NVCA. (more…)

Corporate Venture Engagement in Entrepreneurial Ecosystem Continues to Rise

Corporate Venture Groups Participated in 23.5% of Deals and Accounted for 20.6% of Dollars Deployed in First Quarter

WASHINGTON, DC – Corporate venture groups deployed over $2.5 billion in 228 deals to the entrepreneurial ecosystem in the first quarter of 2016, according to the MoneyTree™ Report by PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters.  The percentage of deals with corporate venture participation has risen for nine straight quarters, reaching 23.5 percent of all venture capital deals during the first three months of the year, which marks the highest level since Q3 2008 when corporate venture groups were involved in 24.1 percent of deals.  By dollars invested, corporate venture represented 20.6 percent of venture capital invested for the first quarter, marking the strongest three month period for corporate venture dollars deployed in the history of the MoneyTree Report. (more…)

$12.1 Billion in Venture Capital Deployed to Startup Ecosystem in First Quarter, According to the MoneyTree Report

Ninth Consecutive Quarter of More than $10 Billion in Venture Capital Investments

WASHINGTON, DC – Venture capitalists invested $12.1 billion in 969 deals in the first quarter of 2016, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Total venture dollars deployed to startup companies for the quarter remained flat and total deal count was down 5 percent, compared with the fourth quarter when $12.0 billion was invested in 1,021 deals. Compared with Q1 2015, dollars and deals are both down 11 percent. This is the ninth consecutive quarter of more than $10 billion in venture capital invested in a single quarter. (more…)

NVCA Supports House Efforts to Bolster Growth of Innovative Startups

Building on Success of JOBS Act, Ensure Startups Have Best Chance for Success on Public Markets Post-IPO

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement in support of efforts in the House of Representatives to identify solutions to support investment in innovative startup companies.  At a congressional hearing today before the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, Chairman Scott Garrett (R-NJ) convened a hearing to review the 2012-passed Jumpstart Our Business Startups (JOBS Act) and discuss other ideas to encourage investment into high-growth startups. (more…)

Carper’s Efforts to Open Government Acquisition Process to Cybersecurity Startups Draws Cheers from Venture Community

WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today in support of the efforts by Senator Tom Carper (D-DE), Ranking Member of the Senate Homeland Security and Government Affairs Committee, to better understand what steps can be taken to improve the government acquisition process so that federal agencies can acquire innovative cybersecurity technologies developed by venture-backed startups. (more…)

Venture Capitalists Raise $12 Billion in First Quarter to Invest in Startup Economy

Strongest Quarter in Ten Years and More Than the Last Two Quarters Combined

NEW YORK, NY – U.S. venture capital firms raised $12.0 billion for 57 funds during the first quarter of 2016, a 59 percent increase by dollar commitments from the first quarter of 2015 and a 17 percent decrease in number of funds raised, according to the Fundraising Report by Thomson Reuters and the National Venture Capital Association (NVCA).  This marks the strongest quarter for dollars raised by U.S. venture capital firms since the second quarter of 2006 when 79 funds raised $14.3 billion.  (more…)

With Biotechnology Companies Leading the Way, Six Venture-Backed IPOs Recorded in First Quarter

NEW YORK, NY – Six venture-backed initial public offerings (IPOs) raised $574.5 million in the first quarter of 2016, according to the Exit Poll Report by Thomson Reuters and the National Venture Capital Association (NVCA).  This marks the slowest quarter for venture-backed IPOs since the third quarter of 2011.  By merger and acquisition (M&A), seventy-nine venture-backed M&A deals were reported in the first quarter, 20 of which reported an aggregate deal value of $4.8 billion. (more…)

2016 NVCA Yearbook Captures Busy Year for Venture Capital Activity

WASHINGTON, DC – The National Venture Capital Association (NVCA) today released the 19th edition of the annual NVCA Yearbook, documenting trends and analysis of venture capital activity in the United States from the past year and capturing historical data and information about venture’s role in fueling entrepreneurship in America.  The NVCA Yearbook is an annual publication based on data from Thomson Reuters that provides statistics on investments into startups, capital managed by general partners, commitments from limited partners and exit activity either thorough an initial public offering (IPO) or merger and acquisition (M&A). (more…)