State of the Markets Report Q4 2020
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.
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.
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.