Editor’s Note: Our annual Vator Splash Spring 2016 conference is around the corner on May 12, 2016 at the historic Scottish Rite Center in Oakland. Speakers include Tom Griffiths (CPO & Co-founder, FanDuel), Andy Dunn (Founder & CEO, Bonobos), Nirav Tolia (Founder & CEO, NextDoor), Mitch Kapor (Founder, Kapor Center for Social Impact); Founders of Handy, TubeMogul, VSCO, Vinted; Investors from Khosla Ventures, Javelin Venture Partners, Kapor Capital, Greylock, DFJ, IDG, IVP and more. Join us! REGISTER HERE.
At Vator Splash Spring on May 12, we will be holding a series of panels on the state of the current venture capital landscape, including one called, “With the market slide, what’s the outlook for venture?” where we will ask top VCs to give us their view on not just what’s happening in venture, but what they think the rest of the year will look like.
The panel will be moderated by Jules Walker, Venture Director at KPMG, and will feature Tianxiang Zhuo Managing Partner of Karlin Ventures; Jules Maltz, Partner at IVP; Alex Rosen, Partner at IDG Ventures; and Erik Rannala, Partner at Mucker Capital.
So far, things have been a little grim for venture this year.
In the U.S., startups raised $13.9 billion in the first quarter, a 25 percent decrease in funding compared to Q4 2016, and a 21 percent drop year-to-year. In all, there were 883 VC deals, a six percent decrease from the previous quarter, and 12 percent drop from Q1 2015.
The numbers are bad enough that venture capital funding hasn’t been this hard to come by since 2014.
I asked each of the panelists to give a preview of their thoughts on what venture will look like from here on out.
(Image source: oaklandscottishrite.com)