tomtunguz.com · 2020-03-12 · 2275d

What Could the Venture Market Look Like in the Coronavirus Era

The article analyzes how the coronavirus crisis might impact venture fundraising by drawing parallels to the 2008 financial crisis, examining historical data on VC investment volumes, round sizes, and deal velocity across funding stages. Key findings show that while total VC dollars invested fell sharply, deal count remained relatively stable, with valuations and round sizes being the primary factors affected, particularly in later-stage funding rounds.

9 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

Seed Round Size

300thousand dollars

median

2008 era seed rounds (stable through crisis)

Series A Round Size

4million dollars

median

Pre-2008 crisis

Series A Round Size

2.6million dollars

median

Post-2008 crisis trough

Series B Round Size

10million dollars

median

Pre-2008 crisis

Series B Round Size

6million dollars

median

Post-2008 crisis trough

Series C Round Size

14million dollars

median

Pre-2008 crisis

Series C Round Size

8.5million dollars

median

Post-2008 crisis trough

VC Investment Volume (Seed-Series C)

5billion dollars per quarter

peak

Pre-2008 crisis (early 2008)

VC Investment Volume (Seed-Series C)

2.3billion dollars per quarter

trough

Post-2008 crisis (Q3 2008)