Blog of Intellectual Capital

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Background
We analyzed the terms of 185 venture financings closed in the first quarter of 2019 by companies headquartered in Silicon Valley. We found that valuation results continued to be strong, with the average price increase in Q1 slightly lower than in the prior quarter, though still substantially higher than the historical average. The internet/digital media software industry recorded the strongest valuation results.

Key Findings

• Valuation Results Remain Strong, but Declined from Three-Year Highs of Prior Quarter
• Valuation Results Declined for Each Financing Series
• Internet Industry Showed Strongest Valuations