VCJ Venture MoneyTree United States Money Quarter Q

Rise of the rest aside, traditional venture centers see biggest gains in Q3

As venture capital investing ticked higher in the third quarter, several of the industry’s traditional centers, including New York and Silicon Valley, benefitted the most. Also on the upswing were San Diego and the Midwest, where activity accelerated. Feeling the most pain in the quarter were greater Los Angeles, Texas, the Southeast and the Northwest, […]

VCJ Venture Data Deals

Larger deals fueling venture investing this year

The growing size of venture deals has become a critical force in fueling this year’s increase in dollars deployed, with large transactions now reaching record levels. The growth is most obvious in late-stage transactions, but has spread to the earlier stages, including to usually less volatile Series A and seed deals. In broad terms, it […]

VCJ Venture Fund Performance
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Fund Performance: UTIMCO’s venture portfolio, vintages 2017 to 2018

Below is performance data for the University of Texas Investment Management Company‘s vintage 2017 and 2018 venture-capital funds. Internal rates of return are current as of February 2018. To download the full version of the spreadsheet below with additional data, click here: UTIMCO venture portfolio (2017 to 2018) Fund Vintage Commitment ($M) Distributions ($M) NAV ($M) IRR (%) […]

VCJ Fund Performance Sack Money
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Venture investments rise to largest quarter since dot-com boom

Venture capitalists in the United States posted their strongest quarter of investing since the end of the dot-com boom in 2000, with $27 billion distributed to startups in the third quarter. Big deals fueled quarterly activity as a record 55 rounds of $100 million or more spawned the creation of 16 new unicorns, including LegalZoom, […]

VCJ Venture Fund Performance
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Fund Performance: UTIMCO’s VC portfolio, 2016 vintage

Below is performance data for the University of Texas Investment Management Company‘s vintage 2016 venture-capital funds. Internal rates of return are current as of February 2018. To download the full version of the spreadsheet below with additional data, click here: UTIMCO venture portfolio (2016 vintage) UTIMCO venture portfolio (2016 vintage) Fund Vintage Contributed capital ($M) Distributions ($M) NAV […]

Floodgate, Ann Miura-Ko, venture capital, Iris Choi, Premoney Conference
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Floodgate’s Ann Miura-Ko: Follow-on capital a secret to top returns

When Floodgate raised a $131 million sixth fund in 2017, almost double its traditional $75 million fund, it ran headlong into a startling new reality. “The amount of reserves that we’re holding is the size of a regular fund,” Partner Ann Miura-Ko said she realized. Without managing that capital well, “it can tank our returns.” […]

VCJ Venture Immigration October Cover Story

Trickle of skilled workers fleeing U.S. not yet a torrent — but might be

So far the trickle of U.S.-trained tech workers returning to Africa, as well as to Europe and Asia, is small, but some suggest it may be the start of something big. “People want to return to the continent and do something that can impact the system,” said Josh Sandler, an entrepreneur and CEO of Africa-based transport-logistics […]

VCJ Immigration October 2018 Cover Story

Government policy inflames visa crisis

One data point that encapsulates the nation’s debate over skilled immigration is this: During the five-day application window for H-1B visas this April, 190,098 people petitioned for 85,000 spots. The more than 2-to-1 imbalance shows how skilled workers who want to come to the U.S. continue to overwhelm the available visas, as they have during […]

VCJ October 2018 Cover Story

Immigration snags alarm venture

Many factors come together to create a fertile environment for venture investing: money, ideas, a new-era shift of technology to mobile, cloud or artificial intelligence. One largely overlooked factor is immigration. Most investors know immigrants make good founders, and as of January 2016 more than half the nation’s billion-dollar startups had at least one of them. […]

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Sequoia files to raise U.S. venture, growth funds

Sequoia Capital formally filed to raise new U.S. venture-capital and growth funds, according a several of documents submitted to the SEC. The Silicon Valley firm did not report targets for the funds or initial closings.

private equity, Brightstar Capital

Venture investing approaches 18-year record

Venture capitalists in the U.S. are steamrolling toward another strong quarter of investments, with $22.5 billion placed with domestic startups and another couple days to complete deals. Q3 is the third in a row with investments topping $20 billion, a streak matched only in 2000 at the height of the dot-com boom, according to Thomson […]