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    The State of U.S. Early-Stage Venture and Startups

    In partnership with

    Silicon Valley Bank knows the innovation economy like no other bank. For 40 years, we've partnered with founders who are inventing the future. Read The State of U.S. Early-Stage Venture and Startups report for data, trends and insight into the unique and fluid world of early-stage startups and venture capital.

     

    Q4 2022 REPORT

    The year started strong in early-stage investment, but the afterglow of 2021’s historic market faded as investors and startups navigated an uncertain economy. Yet, major dry powder shows an appetite for fresh innovation. 

    Q3 2022 REPORT

    The downward trend continues in the third quarter. What appeared to be a corrective shift earlier this year now shows signs of a sharper turn.  

    Q2 2022 REPORT
    On the heels of historic activity in the early-stage ecosystem, the market prepares for a shift. Find out how investments, spend and beyond have changed. 
    Q1 2022 REPORT

    To kick off 2022, early-stage venture showed signs that last year’s positive activity wasn’t over yet. Despite concerns about inflation, global conflict and other obstacles, Q1 data describes general persistence. 

    Q4 2021 REPORT

    Startups made history in 2021. High valuations, share price increases and other growth indicators point to the unique position startups held throughout the year. As spending and fundraising rise, founders and investors may encounter new challenges in 2022.

    Q3 2021 REPORT

    Early stage venture has been on a historic run over the past nine months. But the surge was unlikely to last forever. Even so, the results of 3Q21 are much stronger when compared to the years prior.

    Q2 2021 REPORT
    One year after one of the worst quarters ever for early stage venture, 2Q21 represents the new high-water mark for positive early stage exits and markups, according to AngelList.
    Q1 2021 REPORT
    1Q21 markup rates for early stage startups on AngelList increased to their highest level ever. Founders raised capital with increased frequency compared to last year, and valuations were up at nearly every stage of the startup lifecycle.

    AngelList is an independent third party and is not affiliated with SVB Financial Group.

    This material, including without limitation to the statistical information herein, is provided for informational purposes only. The material is based in part on information from third-party sources that we believe to be reliable, but which have not been independently verified by us and for this reason we do not represent that the information is accurate or complete. The information should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation, offer or recommendation to acquire or dispose of any investment or to engage in any other transaction.