State of the Markets Report Q4 2020

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Key takeaways

The innovation economy continues to demonstrate its resiliency and is poised for continued success amid the new normal.


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.