Link to original article: PitchBook-NVCA Venture Monitor First Look
VC says good riddance to a chaotic Q1
For the venture capital industry, March was far more lion than lamb. The collapse of Silicon Valley Bank wreaked havoc across the ecosystem, even if the worst-case outcomes were largely avoided.
As VC looks to reset, all eyes are on a frigid exit market that has drained liquidity for investors. VC-backed companies recorded just $5.8 billion in exits during Q1—less than 1% of the record exit value generated in 2021. The exit route has stopped the normal flow of capital, causing both late-stage deal activity and fundraising to take a nosedive.
The first look at our upcoming PitchBook-NVCA Venture Monitor has the data on deals, exits, and fundraising for the year. The full report, sponsored by Insperity, J.P. Morgan, and Dentons, will be released Thursday, April 13.