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The State of U.S. Early-Stage Venture: 1Q21

Based on AngelList data, 1Q21 is the new “best quarter ever” for early-stage venture. Read our report to learn why.

Apr 29, 2021 — 1 min read

Written by

Matthew Speiser
Matthew Speiser
Writer
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  • 85% of events that happened this quarter to early-stage startups on AngelList were positive ones.
  • Valuations are up at nearly every stage on AngelList.
  • Founders are more frequently raising new rounds of financing.
  • See all the data by viewing our 1Q21 State of Early-Stage Venture report.

In 1Q21, markup rates for startups on AngelList increased to their highest level ever. Founders are raising capital with increased frequency compared to last year, and valuations are up at nearly every stage of the startup lifecycle.

average pre-money valuation by round

These are just a handful of the findings from our 1Q21 State of U.S. Early-Stage Venture report, which analyzes all of the deals that took place on AngelList this past quarter. Our findings suggest there are plenty of reasons to be optimistic about the state of early-stage venture.

Specific insights covered in the report include:

  • Markup and positive activity rates
  • Frequency of fundraises
  • Valuations
  • Investment activity by sector
  • Popular investment instruments
  • Investor behavior on AngelList

Read the report to see all of our findings.

Read the State of u.s. early-Stage Venture: 1Q21


Disclaimer

All data referenced in this material is current as of 4/1/21, unless otherwise mentioned. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. We undertake no obligations to update them in the future. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. This report does not constitute an offer to sell or a solicitation of an offer to buy an interest in the partnership. Any offer to sell or solicitation of an offer to buy an interest in the partnership may be made only by way of the partnership's final definitive confidential disclosure document. All examples of past investments or funding rounds included in this presentation are purely for illustrative purposes. Investing in venture capital funds is inherently risky and illiquid. It involves a high degree of risk and is suitable only for sophisticated and qualified investors. Performance of past deals or a lead investors' track record is not a guarantee of future returns.


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