New Silicon Valley Bank State of the Markets Report (Free PDF)

Thanks to our Gold Sponsor Silicon Valley Bank for this free State of the Markets report:

State of the Markets H1 2024

SVB’s Innovation Economy Outlook

SVB State of the MarketsHere are some highlights:

  • For companies successfully raising venture deals, revenue growth has slowed by 36 to 42 percentage points depending on the company size.
  • Nearly 70% of startups reduced net burn year over year in 2023, leading to an overall improvement in EBITDA margins for VC-backed tech companies.
  • 21% of companies exiting today via M&A are selling for less money than they raised.

Key takeaways

The new Silicon Valley Bank H1 2024 State of the Markets report finds that, two years into the most significant contraction of the innovation economy since the dot-com crash, signs of normalization — and even recovery — are emerging.

1 in 4

Funds closed in 2023 focused on AI

Innovation related to artificial intelligence was a bright spot, driving a large portion of US VC fundraising and investment in 2023.

67%

Of US VC-backed tech companies reduced net burn

Tech companies are adapting to the new financial normal, with the highest number in recent history reporting year-over-year reductions in net burn rates.

+60%

Of companies went on to raise another equity round following a down round

Down rounds aren’t the end of the line which is a good sign when at least 13% of all US VC deals in 2023 were down rounds.

Explore the full State of the Markets report 

Gain perspective into the emerging trends shaping the innovation economy.

Download SVB's State of the Markets report here.

Contact
Ashley Fairon
Director, Orange County Tech Banking
afairon@svb.com
M / 858.405.8487

Thanks for this report and its graphics to OC Startup Council Gold Sponsor Silicon Valley Bank.

OC Startup News, OC Startup Resources2024, investment, Silicon Valley Bank State of the Markets Report, startups, SVB, tech startupsComment