The first figures on how the global coronavirus pandemic is impacting venture capital markets have started to emerge. The picture isn't pretty.
Q1 2020 hedge fund letters, conferences and more
According to Cooley LLP's Q1 2020 Venture Financing Report, venture financing activity remained relatively robust during the first four months of 2020.
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Venture Financing Activity
However, during April, when the pandemic really started to bite, the percentage of down rounds increased to 16% of transactions. This is the highest level of down rounds handled by the firm since the fourth quarter of 2016.
Several other notable trends also started to emerge in the...
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