- TheFundCFO Newsletter
- Posts
- #186 VC Market Update (Q3 Data)
#186 VC Market Update (Q3 Data)
Doug Dyer
October 08, 2024
In partnership with
👋 Happy Tuesday folks!
Every Tuesday/Thursday, we publish VC/CFO insights that matter - highlights from notable VC GPs, LPs, and CFOs/finance pros. Don’t miss out; subscribe now (it’s free)!
Love what we’re doing? Consider upgrading to paid for deeper dives on Thursdays (most paid subscribers expense these insights!). Scroll down for more!
“Do today what should be done. Your tomorrow may never come.”
Picture of the Day: Austin Parks Foundation’s ACL Music Fest
VC Market Update (Looking Back at Q3 Data)
Hello everyone! We put a bow on Q3 last week and are starting to digest what happened and where the market is going. We will share more on this as we dig in deeper this quarter.
At a high level, I can tell you that AI valuations are still crazy, led by OpenAI at the top ($157 billion) and trickling all the way down to the VC seed market.
The Q3 2024 Pitchbook-NVCA Venture Monitor should be coming out later this week - keep your eye out for that! We love the data that the report contains each quarter.
In the meantime, Carta released some preliminary data via their “State of Private Markets: Q3 2024.” Here are some of our favorite takeaways (words and charts) as we head into Q4:
Seed valuations steady: $15m pre, $18.8m post
Series A up: $46m pre, $57m post
Series B down: $100m pre, $117m post
Series C up big: $360m pre, $400m post
Series D: not enough data points to make sense?
Series E+: $668m pre, $719m post
Together with Confluence.VC Weekly
“Like Morning Brew (but for venture capital)”
Join 15,000+ VCs and investors getting smarter on venture capital by reading this free daily newsletter.
Start getting the headlines that matter, lists of companies breaking out, and other resources and playbooks you won’t find anywhere else.
Become a smarter investor in < 5 min a day.
That’s all for today folks! Thanks for your support and spreading the word!
Share this on Twitter or LinkedIn to help grow “the crew!”
What did you think about this newsletter? |