Boosted by an influx of cash, startups in 2021 put the money to work—doubling overall spend in the past two years. Companies grappled with a tight talent market, rising costs, supply chain stresses and shipping delays, not to mention issues from the enduring COVID-19 pandemic.
On the funding side, 89% of startups that had their share price change in 2021 saw that share price increase. That’s the highest annual markup rate ever observed in AngelList’s history (the previous high was 79% set in 2019). Valuations also had a record-setting year at every stage of financing.
AngelList and Silicon Valley Bank came together to create this exclusive report for our clients
Join us on Thursday, February 10 as we take a deep dive with experts into key highlights from 4Q21, big picture trends of 2021, and what they mean for early-stage founders and investors going forward. The event will feature insights from Blake Armstrong—Director of Strategic Partnerships for SVB Startup Banking—and Abe Othman—Head of Data Science from AngelList.
| Of the 34% of startups that had their share price change in 2021—89% saw that share price increase.
| 4Q21 had the lowest markup rate of any quarter in 2021—while bettering the 4Q20's 80% markup rate.
| Valuations fell off slightly in 4Q21—but still set a new annualized record.
| Fintech and Web3 captured the largest percentages of deal share and capital deployed.
| In 2021, more deals and capital went to female-founder startups than ever before.
| The popularity of SAFEs continued in 2021—more than half of all deals used them.
AngelList is an independent third party and is not affiliated with SVB Financial Group.
This material, including without limitation to the statistical information herein, is provided for informational purposes only. The material is based in part on information from third-party sources that we believe to be reliable, but which have not been independently verified by us and for this reason we do not represent that the information is accurate or complete. The information should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation, offer or recommendation to acquire or dispose of any investment or to engage in any other transaction.
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Click here to review the report prior to the event.
Please contact Brooke Jones at BJones@svb.com.
Blake is the Director of Strategic Partnerships for SVB Startup Banking, an expert division that works with founders before they have raised a series A round of funding.
Prior to moving to SF to join SVB, Blake started his career in microfinance, first at Opportunity International, then as a cofounder of Rwanda-based social enterprise Edify. Blake also was a Venture Partner at TheFamily, and the founding Director of Business Development for oNotes in Paris.
Blake earned an MBA from the University of Oxford and a B.A. in International Business Administration from PLNU in San Diego, CA.
Abe Othman is the Head of Data Science at AngelList, where he leads a small team creating the new field of quantitative venture capital.
He has founded two machine learning companies with successful exits and invested in more than a dozen seed-stage
companies.
He received his A.B. from Harvard in Applied Math and a Ph.D. in Computer Science from Carnegie Mellon.
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