Insight

2015 GLOBAL VENTURE CAPITAL CONFIDENCE SURVEY RESULTS FROM DELOITTE & NVCA

The Global Venture Capital Confidence Survey is an annual survey of venture capital, private equity and growth equity investors around the world. The survey covers: investor confidence in global investing, fund-raising, IPOs, and government policy; changing views on the global economy, from a couple of years ago to today and looking ahead; and sectors and sub-sectors that are prime for investment.​ Main Findings: Immigration reform is top of mind for U.S. investors with nearly two-thirds of respondents considering it a priority. Investor outlook remains bullish for the IPO market, rising for the fourth year in a row. Venture capital momentum increases with a 10% jump in the number of funds raised. U.S. technology hubs, Israel and Canada dominate while confidence continues to fall in Brazil and other emerging markets. Cloud computing is the strongest technology investment sector for the third year in a row.

Country Investing

Investors were asked to rate their confidence level in each country. Confidence levels were measured on a scale of 1 to 5, with 5 representing the most confidence. Basis points indicate year-over-year changes.

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Investors were asked to rate their confidence level in major U.S. metros. Confidence levels were measured on a scale of 1 to 5, with 5 representing the most confidence. Dollar amounts indicate venture capital investment dollars received in 2015 through Q2.

Key finding

Metro areas with the highest confidence ratings have received the highest venture capital investment through Q2 2015.

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Investors were asked to rate their confidence level in each sector.

Confidence levels were measured on a scale of 1 to 5, with 5 representing the most confidence. Basis points indicate year-over-year changes.

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Methodology

The 2015 Global Venture Capital Confidence Survey was conducted jointly by Deloitte & Touche LLP and the National Venture Capital Association (NVCA). It was administered to venture capitalists in the following regions: the Americas, Europe, Middle East, and Asia Pacific.

Deloitte received 208 responses from general partners with assets under management ranging from less than $50 million to greater than $10 billion. Multiple responses from the same firm were encouraged as the survey was a general measurement of the state of global investing from general partners and not attitudes of specific firms.

Confidence levels were measured on a scale of 1-to-5, with a score of 5 representing the most confidence.

Confidence levels between 4.0+ are considered very positive, 3.5–3.99 is considered positive, 2.5–3.49 is neutral and below 2.49 is negative.

Participating Venture Capital Associations

Brazilian Association of Private Equity & Venture Capital (ABVCAP)

BritishVentureCapitalAssociation(BVCA)

China Venture Capital and Private Equity Association (CVCA)

Emerging Markets Private Equity Association (EMPEA)

FinnishVentureCapitalAssociation(FVCA)

IsraelAdvancedTechnologyIndustries(IATI)

JapanVentureCapitalAssociation(JVCA)

LatinAmericaVentureCapitalAssociation(LAVCA)

NationalVentureCapitalAssociation(NVCA)

Swedish Private Equity & Venture Capital Association (SVCA)

Authors

Kevin Schimmel

Jim Atwell

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