State of the Markets Report Q4 2020
Key takeaways
 
The innovation economy continues to demonstrate its resiliency and is poised for continued success amid the new normal.

01

SVB Proprietary Data shows VC-backed companies extend cash runway to new heights.

Companies have cut expenses and raised additional capital, leading to an increase of 25% growth in median cash runway between Q2 and Q3.

02

VC funds sit on record dry-powder reserves, and fundraising remains strong.

US VC fundraising is expected to eclipse $72B in 2020, the highest it has been since 2000.

03

78% of VC-backed Tech IPOs YTD occurred in Q3, and 44% occurred in September.

These Tech IPOs have garnered favorable valuations — the median revenue multiple sits at 19x.