Here’s a quick video from a recent Venture Capital and Angel Financing Workshop in New York. Moderated by Sam Angus of Fenwick & West; featuring Mark Stevens, Partner, Fenwick & West; Tom Patterson, CEO, Wize; Bob Greene, Partner, Contour Venture Partners; and David Pakman, Partner, Venrock:
Here’s the latest installment of Fenwick & West’s Venture Capital Barometer™, i.e. as goes Silicon Valley VC, so goes the world’s. Fenwick analyzed the terms of venture financings for 128 companies headquartered in the San Francisco Bay Area that reported raising money in the fourth quarter of 2008.
A couple of interesting points include an average price increase of 25% for companies receiving venture capital in Q4 2008 compared to such companies’ prior financing round, a significant decline from the 55% reported in the previous quarter, and the lowest quarterly total since the first quarter of 2005. If Web 2.0/digital media financings are factored out, the Venture Capital Barometer would have been flat (0%).
Here it is:
In the realm of venture capital the San Fransisco Bay-area is seen as the international trend setter. In light of this little fact it’s always interesting to look at how VC deals are trending in Silicon Valley. Tech-focused law firm Fenwick & West has done just that with their latest study:
What’s interesting is that valuations continue to soar in both Web 2.0 and Cleantech despite tricky exit opportunities in both sectors. It’s a quick read and well worth it.