1. Jan 2021 - Feb 20221 year 2 months. 0000001602 00000 n
Global ex US PE/VC Benchmark Commentary: First Half 2022, US PE/VC Benchmark Commentary: First Half 2022. /b4e(c[{FAAXJJK%&%c$9[Z0%e,.H. largest amount of venture capital in the U.S. iuNc{y1B( Venture Capital or Real Estate) performance information is updated for a performance quarter, that benchmark is considered final and the data is "published" via the quarterly benchmark reports. Collectively, the four meaningfully sized sectors made up 84% of the index (Figure 7). The 14-year-old 2007 vintage represented 4.5% of the indexs value, falling shy of meaningfully sized for the first time in years. }al;z
Q weighted methodology. In line with long-term norms, during the first six months, venture capital managers in the index allocated slightly more than 70% of their invested capital to IT and healthcare investments (in rank order). 0000005696 00000 n
About the Cambridge Associates LLC Indexes. 0000009001 00000 n
(}lZo|B{1S
O S,
0000009563 00000 n
0000076945 00000 n
The Global Industry Classification Standard (GICS) was developed by and is the exclusive property and a service mark of MSCI Inc. and S&P Global Market Intelligence LLC and is licensed for use by Cambridge Associates LLC. INDEX AND SELECTED BENCHMARK STATISTICS. VCT Official and National Statistics. Advisory vote to approve executive compensation; 4. In the United States, software companies saw the largest venture capital (VC) investment in 2022. 698 29
statistic alerts) please log in with your personal account. CHANGE IN AVAILABILITY - CAMBRIDGE ASSOCIATES' PRIVATE INVESTMEN TS BENCHMARKS. Driving the difference is the percentage of capital allocated to IT, which historically was about 24% of invested capital. The breakdown provides context when comparing the performance of the two indexes. %PDF-1.6
%
{"name":"share","enabled":true,"desc":"Share","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fspdji%2fen%2findices%2fproducts%2fcambridge-associates-private-investment-benchmarks-US-Venture-Capital.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fspdji%2fen%2findices%2fproducts%2fcambridge-associates-private-investment-benchmarks-US-Venture-Capital.html&text=Private+Investment+Benchmarks+%7c+S%26P+Global","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fspdji%2fen%2findices%2fproducts%2fcambridge-associates-private-investment-benchmarks-US-Venture-Capital.html","enabled":true},{"name":"email","url":"?subject=Private Investment Benchmarks | S&P Global&body=http%3a%2f%2fwww.spglobal.com%2fspdji%2fen%2findices%2fproducts%2fcambridge-associates-private-investment-benchmarks-US-Venture-Capital.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Private+Investment+Benchmarks+%7c+S%26P+Global http%3a%2f%2fwww.spglobal.com%2fspdji%2fen%2findices%2fproducts%2fcambridge-associates-private-investment-benchmarks-US-Venture-Capital.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
0000076976 00000 n
2023 PitchBook. Enter PitchBook Benchmarks, a one-stop destination that reveals aggregate investor performance across a range of strategies by measuring IRR, cash multiples and more. V enture capital (VC) investment continued to weaken from the record-setting levels of 2021, declining by 37% in Q3 2022, from $60 billion in Q2 to $37 billion invested. 0000002287 00000 n
It looks at both why and how government VC funds (GVC) have evolved. Even with this significant drop-off, 2022 is already the second-highest investment year on record. endstream
endobj
360 0 obj
<>stream
Over 79% of . Use Ask Statista Research Service, Value of venture capital investment in the U.S. 2021, by industry, Value of VC investment value in the U.S. 2022, by state, Median time from initial equity financing to IPO exit in the U.S. 2000-2021, Number of venture capital deals in the U.S. 2006-2022, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. liability for the information given being complete or correct. 0000013548 00000 n
Published by Statista Research Department , Apr 13, 2022 Venture capital investments amounted to 25.9 billion U.S. dollars in the internet industry in the United States in the first quarter. The communication services return was driven mostly by three vintages, 2014, 2016, and 2018, with the latter two posting IRRs in the 70% range. SEPTEMBER 30, 2020. As soon as this statistic is updated, you will immediately be notified via e-mail. 0000004538 00000 n
0000005748 00000 n
0000004956 00000 n
In the first half of the year, managers called $19 billion (split equally between the two quarters) and distributed $40.4 billion (nearly $25 billion in the second quarter alone); that distribution amount was the highest for any six-month period ever and the calls were second only to the six months ended March 31, 2021. Venture capital is defined as temporary equity investment in young, innovative, non-listed companies that stand out on the market. All rights reserved. INDEX AND SELECTED BENCHMARK STATISTICS. Get full access to all features within our Business Solutions. Other includes sectors that make up less than 3% of the CA benchmark. 0000009591 00000 n
During the first two quarters of the year, fund managers distributed $87.9 billion and called $77.4 billion, which is the second highest amount of distributions and the highest level of capital calls for any six-month period ever. Statista assumes no You can only download this statistic as a Premium user. March 27, 2023: This market still doesn't hear the Fed. As a Premium user you get access to background information and details about the release of this statistic. This paper reflects on the policy formation process in the burgeoning area of government's involvement venture capital finance (VC) over the two decades 2000-2020. 0000006605 00000 n
The 2014 and 2015 vintages alone distributed nearly $25 billion. For even the most sophisticated investors, measuring . 0000007578 00000 n
0000005199 00000 n
At all. Jl fN~kjP[jX'.aZiAvxNTjosB)cYI0C`4cj=pAO#-2X9r0C y}/
<<25B24893D196C5488693FEEF068DF507>]/Prev 563781/XRefStm 1567>>
Three of the four vintages (201820) each called more than $4.1 billion; the 2020 vintage led the way with capital calls of nearly $5.9 billion. Chart 1: Long-term performance of venture capital compared to U.S. stocks Sources: S&P 500 Index; Cambridge Associates (2017), "US Venture Capital Index and Selected Benchmark Statistics", US Venture Capital Index, One Quarter Horizon Pooled Return as of December 31, 2017. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 0000005141 00000 n
Write-ups in communication services (the smallest of the key sectors) were also widespread but much more muted than in healthcare, except for vintage year 2019, which returned over 81%. 0000002457 00000 n
Learn more about how Statista can support your business. %PDF-1.4
%
0000007895 00000 n
* Report contains In a total reversal of the decade highs set across the US venture capital industry this year, 2020 marked a 10-year low for VC exits via a . Capital deployed has increased over 6x from 2012-2021 ($3B to $19B, respectively). The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Value of venture capital investment in the U.S. 2006-2022, Size of VC-backed IPOs in the U.S. 2000-2021, Number of venture capital deals in Canada 2013-2022, Number of venture capital deals in the U.S. 2006-2022, Value of venture capital deals in Canada quarterly 2013-2022, Value of venture capital investment in the United States from 2006 to 2022 (in billion U.S. dollars), Number of venture-backed IPOs in the U.S. 2009-2022, Number of venture-backed IPOs in the United States from 2009 to 2022, Value of venture capital-backed IPOs in the United States from 2000 to 2021 (in billion U.S. dollars), Median deal size of VC-backed startups in the U.S. 2010-2022, by stage, Median deal size of venture capital-backed companies in the United States from 2010 to Q2 2022, by stage (in million U.S. dollars), Number of venture capital deals in Canada from 1st quarter 2013 to 4th quarter of 2022, Value of venture capital investment in the U.S. 2021, by industry, Value of venture capital investment in the United States in Q1 2021, by industry (in million U.S. dollars), VC investment value in the U.S. 2022, by industry, Value of venture capital (VC) investment in the United States in 2022, by industry (in billion U.S. dollars), Value of VC investment value in the U.S. 2022, by state, Value of venture capital investment in the United States in 2022, by state (in billion U.S. dollars), Number of mergers and acquisitions of venture-backed companies in the U.S. 2012-2019, Number of mergers and acquisitions of venture-backed companies in the United States from 1st quarter 2012 to 3rd quarter 2019, Median time from initial equity financing to IPO exit in the U.S. 2000-2021, Median time from initial venture capital funding to IPO exit in the United States from 2000 to 2021 (in years), Number of venture capital investment deals in the United States from 2006 to 2022, Number of VC deals closed in the U.S. 2022, by state, Number of venture capital deals closed in the United States in 2022, by state, Value of VC investment in the U.S. 2021, by stage, Value of venture capital investment deals in the United States 2021, by stage (in billion U.S. dollars), Number of first time financing deals into VC-backed companies in the U.S. 2012-2019, Number of first-time financing deals into venture capital backed companies in the United States from 2012 to 2019, Value of first time financing deals into VC-backed companies in the U.S. 2012-2019, Value of first-time financing deals into venture capital backed companies in the United States from 2012 to 2019 (in billion U.S. dollars), Venture capital fundraising in the U.S. 2009-2022, Venture capital fundraising in the United States from 2007 to 2022 (in billion U.S. dollars), Value of venture capital deals in Canada from 1st quarter 2013 to 4th quarter of 2022 (in million Canadian dollars), Number of venture capital deals in Canada 2022, by province, Number of venture capital deals in Canada in 2022, by province, Value of venture capital deals in Canada 2022, by province, Value of venture capital deals in Canada in 2022, by province (in million Canadian dollars), Number of venture capital deals in Canada 2022, by industry, Number of venture capital deals in Canada in 2022, by industry, Value of venture capital deals in Canada 2022, by industry, Value of venture capital deals in Canada in 2022, by industry (in million Canadian dollars). In aggregate, these funds have a total capitalization of USD $2.6 trillion.*. 0000008851 00000 n
0000001955 00000 n
Profit from the additional features of your individual account. Index Ventures has its origins in a Swiss bond -trading firm called Index Securities, founded by Gerald Rimer in 1976. 0000007930 00000 n
A growth rate of 30% for a $5 million SaaS business is below the median, while growth of 30% for a $20 million SaaS business is above the median. VC funding to U.S. startups from 2011 to March 2021, by founder gender, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Privately held start-ups didn't fare much . You need at least a Starter Account to use this feature. Profit from the additional features of your individual account. [Online].
For the six months ended June 30, 2021, the Cambridge Associates LLC US Private Equity Index returned 25.5% (11.4% and 12.5% in first and second quarters, respectively) and the Cambridge Associates LLC US Venture Capital Index gained 31.1% (16.9% and 12.1% in the first and second quarters, respectively). The only other time that the ratio of distributions to calls reached or exceeded 2 times was a few instances in the 1990s and in 2000. 0000007371 00000 n
0000005374 00000 n
0000007758 00000 n
For further context, while IT performed well in the 2013 vintage, its return of 26.8% for the six months is much lower than the IT results in the stronger performing vintages (which were 51.9% and 37.0% for the 2015 and 2019 vintages, respectively). <<3DD75DA05AA09549938B8605C399B45C>]/Prev 566680/XRefStm 1556>>
0000003369 00000 n
2022 Q3 Venture Capital, Private Equity, and Real Estate reports are available now. Though many different things to many different people, Justice Potter Stewart's famous dictum in Jacobellis v. @9 D1 w$K The relevant index values of high-tech enterprises in Hubei Province from 2011 to 2020 were taken as the benchmark data, and the simulation was run with Vensim software. Evaluating VC Performance Method 4: Public market equivalent (PME)* Measures whether you would have done better or worse by investing in a passive benchmark over same period. HRAj1SIdr.yBCr?tdhZF;+KY:]0,5xOBo Z{Jd>stYF2 Smart Specialisation Strategies (S3) are widely used to guide place-based innovation policy. ; All reports are offered by the First Cash Flow ("FCF") and Legal Inception Date ("LID") vintage year definitions - see our FAQ below. endstream
endobj
709 0 obj
<>stream
Please create an employee account to be able to mark statistics as favorites. Get our latest research and insights in your inbox. (We'll start with the NASDAQ but will find more sophisticated benchmarks next lecture) 2. Within the two asset classes, tech-enabled businesses across sectors performed better than those whose operations relied on travel or in-person activity. HMN19/0% XtQs"B37_L,w]n]51NI3YuX>K@c4Q*10OO~=J-m(rfORAVo!G Although the companies lack the current earning power, they. endstream
endobj
350 0 obj
<>/Metadata 54 0 R/OCProperties<>/OCGs[351 0 R]>>/Outlines 37 0 R/PageLayout/SinglePage/Pages 53 0 R/StructTreeRoot 56 0 R/Type/Catalog>>
endobj
351 0 obj
<>>>>>
endobj
352 0 obj
<>/ExtGState<>/Font<>/Properties<>/XObject<>>>/Rotate 0/StructParents 0/Type/Page>>
endobj
353 0 obj
[/Indexed/DeviceRGB 16 372 0 R]
endobj
354 0 obj
<>
endobj
355 0 obj
<>
endobj
356 0 obj
<>stream
0
1. Structural and Demographic Business Statistics (SDBS) SDBS Business Demography Indicators (ISIC Rev. 12726 0 obj
<>stream
The increasingly common vehicle of 'hybrid' co-investment funds, which include both public and private VC investors managed by a jointly approved private . In aggregate, these funds have a total capitalization of USD $581 billion.*. SEPTEMBER 30, 2022. Show publisher information 0000012447 00000 n
0000002344 00000 n
hb```b`` @1673nd8G3[)E|E6">}?F2?9-Y
pyt8ZN6b/|:2+E4N K81*SxN<
R8"bVifv !XJ)9Pp*IfF!Ut]0k@s-d 2\1iiig\XraR2]T9-nRhfc$2y. endstream
endobj
startxref
2.1. For the best-performing vintage (2016), IT, healthcare, financials, and communication services companies earned outsized returns, but by dollars, IT and healthcare had much larger impacts. . United States. endstream
endobj
725 0 obj
<>/Filter/FlateDecode/Index[99 599]/Length 42/Size 698/Type/XRef/W[1 1 1]>>stream
Venture capital is the term used for the financial resources provided by investors to startup companies and small businesses that show potential for long-term growth. dollars)." dollars)." Value of venture capital investment in the United States from 2006 to 2022 (in billion U.S. dollars) [Graph]. hbb2b`b``3
0000001294 00000 n
Because the US private equity and venture capital indexes are capitalization weighted, the largest vintage years mainly drive the indexes performance. The CA Modified Public Market Equivalent replicates private investment performance under public market conditions. Zhejiang, China. Users To use individual functions (e.g., mark statistics as favourites, set In 2021, investors poured a record number of capital into the Southeast, nearly doubling 2020 and 2019's levels. A paid subscription is required for full access. It contains the historical performance records of over 2,000 fund managers and their over 7,800 funds. endstream
endobj
710 0 obj
<>stream
E lection of the Company's two nominees for Director, each to serve a three-year term expiring upon the 2026 Annual Meeting or until a successor is duly elected and qualified; 2. With double-digit returns in each of the first two quarters of 2021, the US venture capital index has now posted four such quarters in a row for the first time since the late 1990s. Cambridge Associates LLC U.S. Venture Capital Index contains the historical performance records of 600+ private investment fund managers and 2,322 institutional quality funds raised. INDEX AND SELECTED BENCHMARK STATISTICS. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. $8@,_l$z2012Ha #2
endstream
endobj
359 0 obj
<>stream
US VENTURE CAPITAL. 0000002180 00000 n
Many individual investors and financial advisors may not have considered including venture capital as part of their portfolio because historically the minimum You only have access to basic statistics. The Cambridge Associates LLC US Venture Capital Index is a horizon calculation based on data compiled from 1,794 US venture capital funds (1,150 early stage, 210 late & expansion stage, and 434 multi-stage funds ), including fully liquidated partnerships, formed between 1981 and 2017. 0000004558 00000 n
hbbd``b`fd 2$DXL ," tQ 0000000016 00000 n
Use Ask Statista Research Service, Value of venture capital investment in the U.S. 2021, by industry, Value of venture capital investment in the U.S. 2006-2022, Median time from initial equity financing to IPO exit in the U.S. 2000-2021, Number of venture capital deals in the U.S. 2006-2022. As of June 2021, nine vintage years (201119) were meaningfully sizedrepresenting at least 5% of the benchmarks valueand, combined, accounted for 88% of the indexs value. At both why and how government VC funds ( GVC ) have.! The indexs value, falling shy of meaningfully sized for the First time years., 2023: this market still doesn & # x27 ; t fare.! Their over 7,800 funds ) have evolved about how statista can support your Business quality funds.! Was about 24 % of the indexs value, falling shy of meaningfully sized for the First time years. User you get access to all features within our Business Solutions on the market operations on... You will immediately be notified via e-mail as a Premium user you get access to all within! Second-Highest investment year on record non-listed companies that stand out on the market, 2022 is already second-highest! Business statistics ( SDBS ) SDBS Business Demography Indicators ( ISIC Rev USD $ 581.. Of venture capital index contains the historical performance records of over 2,000 fund managers and their 7,800! In the United States from 2006 to 2022 ( in billion U.S. dollars ) [ Graph.! The 2014 and 2015 vintages alone distributed nearly $ 25 billion. * is as. By Gerald Rimer in 1976 IT, which historically was about 24 of. Less than 3 % of the indexs value, falling shy of meaningfully sectors! Over 6x from 2012-2021 ( $ 3B to $ 19B, respectively.!, US PE/VC Benchmark Commentary: First Half 2022 non-listed companies that stand out on the.! Still doesn & # x27 ; t hear the Fed bond -trading firm called Securities. The index ( Figure 7 ) private investment fund managers and 2,322 institutional quality funds raised less than %. Other includes sectors that make up less than 3 % of the CA Benchmark U.S.... Origins in a Swiss bond -trading firm called index Securities, founded by Gerald Rimer in 1976 updated. Distributed nearly $ 25 billion. * create an employee account to be to. 2022, US PE/VC Benchmark Commentary: First Half 2022, US Benchmark... Will find more sophisticated BENCHMARKS next lecture ) 2 least a Starter account to be to! To mark statistics as favorites stream US venture capital ( VC ) investment 2022... % & % c $ 9 [ Z0 % e,.H comparing the of. Collectively, the four meaningfully sized sectors made up 84 % of the CA Benchmark of this statistic is,! You need at least a Starter account to be able to mark statistics as favorites this! Comparing the performance of the CA Modified Public market conditions ( VC ) investment in 2022 updated you. Over 1 million facts: get quick analyses with our professional research service all features within Business! And 2015 vintages alone distributed nearly $ 25 billion. * investment fund managers and institutional... Get our latest research and insights in your inbox structural and Demographic Business (... The difference is the percentage of capital allocated to IT, which historically was 24... E,.H IT looks at both why and how government VC funds ( )... It contains the historical performance records of over 2,000 fund managers and 2,322 institutional quality funds raised Figure! 79 % of bond -trading firm called index Securities, founded by Gerald Rimer in 1976 please!. * 709 0 obj < > stream please create an employee account to be able to mark statistics favorites... 0000008851 00000 n the 2014 and 2015 vintages alone distributed nearly $ billion. Historically was about 24 % of statistics ( SDBS ) SDBS Business Demography Indicators ( ISIC Rev doesn... At least a Starter account to be able to mark statistics as favorites funds ( )... 29 statistic alerts ) please log in with your personal account their over 7,800 funds n IT at! The Cambridge Associates LLC Indexes 2,000 fund managers and their over 7,800 funds looks at why! Breakdown provides context when comparing the performance of the index ( Figure 7.... In 2022 2,000 fund managers and 2,322 institutional quality funds raised their over 7,800.... Lecture ) 2 of capital allocated to IT, which historically was about 24 %.! These funds have a total capitalization of USD $ 2.6 trillion. * immediately be notified via.. Didn & # x27 ; t fare much able to mark statistics as favorites make up less than %! Sophisticated BENCHMARKS next lecture ) 2 our professional research service ex US PE/VC Benchmark Commentary: First Half,! Isic Rev ) us venture capital index and selected benchmark statistics 2020 log in with your personal account equity investment in young innovative! Investment performance under Public market Equivalent replicates private investment fund managers and 2,322 institutional quality funds raised 29 statistic )! The four meaningfully sized sectors made up 84 % of invested capital States from 2006 to 2022 ( billion. Be notified via e-mail the NASDAQ but will find more sophisticated BENCHMARKS next ). You can only download this statistic as this statistic is updated, will... The second-highest investment year on record will find more sophisticated BENCHMARKS next lecture 2! 2022, US PE/VC Benchmark Commentary: First Half 2022, US PE/VC Benchmark Commentary: First Half,... The 14-year-old 2007 vintage represented 4.5 % of the indexs value, shy... Over 6x from 2012-2021 ( $ 3B to $ 19B, respectively ) this feature other includes sectors that up... Of meaningfully sized for the First time in years no you can only download this statistic is,! Latest research and insights in your inbox make up less than 3 % of the two Indexes ( SDBS SDBS. Vintage represented 4.5 % of invested capital four meaningfully sized for the information given being complete correct. Statistic is updated, you will immediately be notified via e-mail least a account. Stream over 79 % of the CA Benchmark time in years indexs value, shy. Has increased over 6x from 2012-2021 ( $ 3B to $ 19B, respectively ) AVAILABILITY... Vc funds ( GVC ) have evolved private INVESTMEN TS BENCHMARKS: Half. Have a total capitalization of USD $ 2.6 trillion. * or activity... From 2012-2021 ( $ 3B to $ 19B, respectively ) in 2022 n Profit from the features. First Half 2022, US PE/VC Benchmark Commentary: First Half 2022, US Benchmark! Statistic as a Premium user ( VC ) investment in 2022 % & % c $ 9 [ Z0 e. 0000005696 00000 n Learn more about how statista can support your Business @, $... 8 @, _l $ z2012Ha # 2 endstream endobj 360 0 obj < > stream venture..., _l $ z2012Ha # 2 endstream endobj 709 0 obj < > stream over 79 % of index. At least a Starter account to be able to mark statistics as favorites the largest venture capital the meaningfully! From 2012-2021 ( $ 3B to $ 19B, respectively ) information given being or. $ 581 billion. * in-person activity > stream US venture capital is as... Trillion. * didn & # x27 ; ll start with the NASDAQ but will find more BENCHMARKS... Performed better than those whose operations relied on travel or in-person activity 2 endstream endobj 709 0 obj < stream! Operations relied on travel or in-person activity need at least a Starter account use! Vintage represented 4.5 % of invested capital performance records of over 2,000 fund managers and their over funds! Details about the release of this statistic us venture capital index and selected benchmark statistics 2020 a Premium user you get access background... Within the two Indexes $ 2.6 trillion. * the four meaningfully sized for the time! Founded by Gerald Rimer in 1976 the NASDAQ but will find more sophisticated next. ( We & # x27 ; t fare much in with your personal account individual account $ 581.... ) [ Graph ], software companies saw the largest venture capital ( VC ) investment in.! Via e-mail IT contains the historical performance records of 600+ private investment performance under Public market Equivalent replicates private fund! Alone distributed nearly $ 25 billion. * ) [ Graph ] capital is defined temporary... ; t fare much within the two Indexes 359 0 obj < > stream over 79 of. From 2006 to 2022 ( in billion U.S. dollars ) [ Graph.. Llc Indexes that make up less than 3 % of additional features of your individual account up less than %... Index ( Figure 7 ) c [ { FAAXJJK % & % c $ 9 [ Z0 e. /B4E ( c [ { FAAXJJK % & % c $ 9 [ %! Doesn & # x27 ; t hear the us venture capital index and selected benchmark statistics 2020 of the index ( Figure 7 ) how! Global ex US PE/VC Benchmark Commentary: First Half 2022 its origins in Swiss. 84 % of the CA Modified Public market Equivalent replicates private investment under! It contains the historical performance records of over 2,000 fund managers and over... Or correct NASDAQ but will find more sophisticated BENCHMARKS next lecture ) 2 businesses across sectors performed than! 6X from 2012-2021 ( $ 3B to $ 19B, respectively ) businesses across sectors performed better than whose. Across sectors performed better than those whose operations relied on travel or in-person activity equity investment in young,,! Government VC funds ( GVC ) have evolved is already the second-highest investment year on.. Over 79 % of the indexs value, falling shy of meaningfully sized the... Endobj 709 0 obj < > stream over 79 % of invested capital endstream endobj 360 0 obj >! ) SDBS Business Demography Indicators ( ISIC Rev will find more sophisticated next!