U.S. VC Dealmaking Indicator by Quarter Most Investor-Friendly Environment of Last Decade The current venture market is more favorable to investors than any time over the last decade. This data, published by PitchBook, looks at deal terms and valuations over time. Historically, investing during times like this has yielded attractive returns. SOURCE: “PitchBook VC Dealmaking Indicator,” PitchBook, May 7, 2024. Data as of April 30, 2024. The PitchBook VC Dealmaking Indicator leverages deal-level data to quantify how startup-friendly, or investor-friendly the capital raising environment is. The Indicator incorporates PitchBook’s deal term, deal attribute, fundraising, and deal flow data to compose an indicator which compares early-stage, late-stage, and the new venture growth stage deal dynamics. (For in-depth analysis, click here.) Higher Indicator values reflect a more investor-friendly dealmaking environment, and lower values a more startup-friendly one. An Attractive Climate for Venture Investing 26