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US VC Fundraising in 2016 Hit Highest Level Since 2001
“At the end of Q-three, we pulled some numbers, thanks to our friends at PitchBook, and there's been thirty-three billion raised by 157 funds. This is just in the U.S., And what's really interesting about this is we haven't seen this much money raised in one ye…”
Only 31 First-Time VC Funds Were Raised Through Q3 2016
“What I can say is, is through Q three, You know, we go through and we curate the data, we pull it from a number of sources, and then we curate it, because sometimes funds close one year and then do a final close a second year, so the numbers are a bit squishy,…”
Clarkson: 2017 VC mega fund count won't match 2016 levels
“While we predict there will definitely be more coming this year, we don't think there'll be the same numbers last year by any stretch.”
Sub-$100M VC Funds Declined in 2016 While $500M+ Funds Surged
“Statistically, a much bigger year of more five hundred million dollar funds being raised in a decline of these sub one hundred million dollar funds. But this is coming on the back of a number of years of 30 billionish raises where you had a lot of micro funds …”
14 Opportunity Funds Raised Over $2B in 2016
“On average, we've been seeing about five or so of these opportunity funds raised per year since 2011, and this year there were 14 closed, as we thought, which spiked the numbers to over two billion in opportunity funds”
Sapphire Ventures Committed Capital to Jason Lemkin's First SaaStr Fund
“We recently committed to Sastr”
Sapphire Ventures Data Shows Average Seed Fund Holds 28 Portfolio Companies
“According to Sapphire Ventures, which one of the best fund the funds, the average seed stage fund has 28 companies in their portfolio.”
Clarkson: 15 mid-sized VC funds raised in Q1 2017 versus 8 in Q1 2016
“So this year we've had 15 of that sort of bucket size of funds raised versus eight of last year.”
Clarkson: Q1 2017 Tech IPOs Raised Nearly $28B Across Three Listings
“We had 14 total during the year, 9.6 billion raised this in Q one, right? Cause Q two isn't done yet. Q one, we had three IPOs, but it shows you what an IPO can do because of the size of some of the IPOs you had almost twenty eight billion raised.”
Clarkson: Mithril II was the sole VC mega fund raised in Q1 2017
“Q one of this year only saw one mega fund raise. So props to Mithril two, which raised an eight hundred and fifty million dollar fund, but they're the only one.”
Clarkson: US VC funds raised $7B across 51 funds in Q1 2017
“By our count, there's been almost seven billion dollars raised, and these are all U.S. Numbers, by 51 funds, and about 50 and a half billion raised by venture-backed companies.”
Sapphire Ventures Has Historically Backed Only One Fund Over $500M
“Well, so for us and our platform, we focus on series A, and we tend to use what we call the right size fund, so we don't always do many funds that are over five hundred million. In fact, we've only done one historically.”
Clarkson: LPs evaluate VCs based on why founders choose their capital
“I always want to know why you, because for me, that captures the, have you thought about who you are as an investor, what you want to invest in, and why the entrepreneur is going to pick you versus all the other sources of capital that are available in the mar…”
Sapphire Ventures recently backed a sub-$200M Bay Area Series A fund
“The most recent investment decision we made is to a fund that sits smack in our sweet spot, so it's a Bay Area based Series A fund. It's sub two hundred million, so he kind of falls into that right-sized number because they also have a only a couple of the GPs…”