Sutter's Mill Capital

Venture Capital Dashboard – Seed and Early Stage Deals Q1 ’14.

This dashboard shows some of the venture capital analytics for the seed and early stage deals for the first quarter of 2014. For each stage the dashboard contains geo charts showing the total capital invested by state, and the average deal size. You’ll also find contained for each stage a histogram with deal distribution, and a bar chart that shows the number of deals/state. Apologize for the slides being a bit of an eye chart. The dashboard can be zoomed, so if you have trouble viewing, try  the zoom function on your viewer and see if that helps.

See the dashboard here.

Each quarter I take a look at the Venture Capital market, and generate various analytics and visuals on the market. This document contains a couple of visualizations of the overall venture capital market for Q1 2014, with a brief description of the different charts types.

Check out the dashboard here.

In the last post we looked at the number of deals by geography for the first quarter of 2011. Another interesting thing to look at is how much investment by geography took place. No doubt that we can expect a high correlation between the number of deals and the total investment in a geography, so the charts we would expect to look similar. One factor to consider though is that we already found that the average investment for a venture deal is on the order of $7M, with the median somewhere around $3M. So that says that there are some significant outliers and deals that cause significant leverage on the venture deal statistics.

Below you can see the chart that shows the total venture investment by geography for the first quarter 2012.

As we thought, the information from the chart bundles quite a few states together in the 0-$1B range, with several states showing no recorded deals in the dataset. California looks like a magnet for venture capital money, which is not surprising given that the numbers for Silicon Valley, Los Angeles, and San Diego are all combined and compared to the rest of the country. Notably Massachusetts shows up somewhere in between the other states and California as it should, since the Boston area is somewhere around the #2 or #3 area for attracting venture investment, depending on the year how the regions are carved out and counted.

The last chart that we published showed a breakdown by deal size of the deals that were done in the first quarter of the year according to the National Venture Capital Association. The chart showed unsuprisingly that a large percentage of the deals done were smaller in size, with the overall percentage of deals done heavily weighted to deals less than $5M. While the bulk of the deal done were less than $5M in total deal size, there were significant outliers in the distribution of deals. Interestingly, the largest deal recorded by the NVCA was greater than $200M, an astounding sum for a venture capital deal.

So where did the money go?

Looking at the chart below, we can get a sense of the number of deals that were done by geography over the quarter across stage and industry. Not surprisingly, California and the Northeast have totals that exceed other states in the total number of deals. Interestingly, most of the states in the lower 48 had deals represented in the data set.