The annual NVCA Yearbook documents 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 that provides statistics on the size and impact of the U.S. venture industry, investments into startups, capital raised and managed by venture capital firms, and exit activity either through an initial public offering (IPO) or merger and acquisition (M&A).
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Takeaways from the most recent NVCA Yearbook:
GLOBAL VC INVESTMENT
While global venture investment has increased, the share going to U.S. startups has declined, from 84% in 2004 to 51% in 2018.
2018 U.S. IPOS
85 venture-backed companies went public in 2018, accounting for 40% of
all U.S. IPOs last year. These 85 companies represented $75b in value at IPO, created from $16b in venture funding prior to IPO. In fact, VC-backed companies comprised 42% of all U.S. IPOs from 1974 to 2014.
ASSETS UNDER MANAGEMENT
Venture capital compared with other asset classes
$54b raised via VC funds in 2018 to deploy to promising startups
MEDIAN U.S. VC FUND SIZE
The median size of VC funds in the traditional venture hubs of California, Massachusetts, and New York is $100M. Outside those states, the median is $25M
The NVCA Yearbook also offers an overview of NVCA activities and initiatives:
- Fought to make key changes to the Foreign Investment Risk Review Modernization Act (FIRRMA) foreign investment bill (and the regulations implementing the bill) to protect investment in U.S. startups.
- Continued to defend and fight for full implementation of the International Entrepreneur Rule while also working to pass a Startup Visa into law.
- Made recommendations to policymakers and regulators to reform the Volcker Rule to allow banks to invest in VC funds again.
- Co-hosted the first annual Stanford/NVCA VC Symposium in March in Palo Alto, providing practical education for VC professionals.
- Unveiled a variety of resources to help address sexual harassment in the venture ecosystem.
- Hosted its first two LP Office Hours events to educate new and aspiring VC investors from diverse background on the fundraising process and working with limited partners (i.e., investors in venture funds).
- Released updated Model Legal Documents addressing cryptocurrency and sexual harassment & discrimination.
