First Time Funds Just Keep Getting Bigger

All of you out there raising your first fund. This blog is for you. 👊.Prior posts have shown that VCs are receiving less ownership than before, VCs like round numbers when pricing rounds, VCs collaborate with each other on rounds *a lot*, good exits take a long time, and first-time funds are… commonplace?.This weekWe analyzed our proprietary global dataset of over 10,000 successful fundraises. To make sure the analysis is relevant, we limited our output to fundraises that:

1. Successfully raised with a final close (we may do another piece on the failures).
2. Had a final close between 2012-2017.

Here’s what we discovered:First-Time VC funds are increasing in size. Across the globe, between 2012 and 2017, the Median First-Time VC fund went from $27M to $51M. And the top quartile (75th Percentile) more than doubled from $66M to $139M. Were you surprised by these findings? What questions just popped into your head? That one. The question you’re thinking about right now.Reach out and tell me about it (Collin West) onLinkedIn,Twitter,and especially in the comments section below for Q&A.Also, read our other blogs:VCs are receiving less ownership than before, VCs like round numbers when pricing rounds, VCs collaborate with each other on rounds *a lot*,Good exits take a long time,and first-time funds are… commonplace?.