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Member FDIC and Equal Housing Lender
RAISE SUMMIT
May 10, 2017
4
Total Venture Capital
Firms banked
325+
Emerging
Venture Capital
Firms banked
175+
First Republic Bank
Venture Capital E...
Observations/Findings
Twitter @SamirKaji
The First and the New Wave of
Emerging Managers
First Wave of Emerging Managers
Pre – 2011
New Wave of Venture Managers
20...
6
US Funds $0-$100mn
Only First Time Funds
Source: Preqin May 2017
6
The Rise of Emerging Venture
Capital
Firms - 375+ as of May 2017
0
50
100
150
200
250
300
2009 2010 2011 2012 2013 2014 ...
6
US Funds $0-$100mn
Only First Time Funds Size
Source: Preqin May 2017
The growth of “Nano-funds”
Sub-$15MM funds
6
US Funds $0-$100mn
Only First Time Funds Final
Close
Source: Preqin May 2017
6
US Funds $0-$100mn
Multiple (X) Median
Source: Preqin May 2017
0.92 0.87
1.13 1.12
1.27
1.37
1.81
2.43
1.65
1.26
1.05
0
...
6
US Funds $0-$100mn
Net IRR Median
Source: Preqin May 2017
2014 2013 2012 2011 2010 2009 2008 2007 2006
IRR Median 11.8 1...
6
LP Survey on Emerging
Venture Capital Fund
Managers
Summary Thoughts and
Forecast
2
 First time funds formed by VC’s with prior experience are getting larger
(generally seed...
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Micro-VC slide RAISE conference

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Micro-VC slide deck from May 10 Raise conference

Publié dans : Technologie

Micro-VC slide RAISE conference

  1. 1. Member FDIC and Equal Housing Lender RAISE SUMMIT May 10, 2017
  2. 2. 4 Total Venture Capital Firms banked 325+ Emerging Venture Capital Firms banked 175+ First Republic Bank Venture Capital Efforts Meetings With Emerging Managers Since 2014 750+
  3. 3. Observations/Findings Twitter @SamirKaji
  4. 4. The First and the New Wave of Emerging Managers First Wave of Emerging Managers Pre – 2011 New Wave of Venture Managers 2012 –
  5. 5. 6 US Funds $0-$100mn Only First Time Funds Source: Preqin May 2017
  6. 6. 6 The Rise of Emerging Venture Capital Firms - 375+ as of May 2017 0 50 100 150 200 250 300 2009 2010 2011 2012 2013 2014 2015 #ofFirms No. of Emerging VC Funds Source: First Republic Private Equity/Venture Capital
  7. 7. 6 US Funds $0-$100mn Only First Time Funds Size Source: Preqin May 2017
  8. 8. The growth of “Nano-funds” Sub-$15MM funds
  9. 9. 6 US Funds $0-$100mn Only First Time Funds Final Close Source: Preqin May 2017
  10. 10. 6 US Funds $0-$100mn Multiple (X) Median Source: Preqin May 2017 0.92 0.87 1.13 1.12 1.27 1.37 1.81 2.43 1.65 1.26 1.05 0 0.5 1 1.5 2 2.5 3 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 Multiple (X) Median
  11. 11. 6 US Funds $0-$100mn Net IRR Median Source: Preqin May 2017 2014 2013 2012 2011 2010 2009 2008 2007 2006 IRR Median 11.8 16.1 15.6 18.2 0 17.1 12 4.7 11.5 0 2 4 6 8 10 12 14 16 18 20 IRR Median
  12. 12. 6 LP Survey on Emerging Venture Capital Fund Managers
  13. 13. Summary Thoughts and Forecast 2  First time funds formed by VC’s with prior experience are getting larger (generally seed & Post-seed). First time investment managers generally forced to raise Nano-Funds.  Expect 2017 to outpace 2016 in terms of new fund formation  Majority of new funds are vertically or geographically focused  Contraction won’t happen in 2017, but is coming  Continued scale of established seed funds

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