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NVCA Research Program

Studies
Venture Impact
Patient Capital

The National Venture Capital Association (NVCA) encourages, underwrites, and publicizes research on issues important to the venture process. The Association is interested in tracking information regarding all aspects of the venture creation process as well as capturing data that demonstrates the economic value of venture capital to the national and global economies.

The National Venture Capital Association (NVCA) collects and analyzes venture capital and private equity statistics in conjunction with its research partner, Venture Economics, a division of Thomson Financial. The Venture Economics/NVCA data stream includes statistics on venture capital fundraising, venture capital exits (IPO and M&A activity) and venture capital performance.

Data regarding venture investments made in growth-oriented companies (disbursements) is collected and disseminated through a three-way partnership that includes PricewaterhouseCoopers, Venture Economics and the National Venture Capital Association. Disbursements data is published under the PwC/Venture Economics/NVCA Money Tree Survey™ brand.

NVCA's Research Objectives

  • Create the most comprehensive and accurate source for all venture capital and private equity data
  • To offer NVCA members a research benefits package that provides valuable information at a significant cost savings
  • To provide timely updates on industry statistics to NVCA members, the media and policymakers
  • Reduce survey fatigue among the venture capital community
  • Enhance research capabilities that will enable NVCA to better represent the public policy interests of the venture capital and private equity communities.

Member Benefits Package & VentureXpert
The National Venture Capital Association has endorsed VentureXpert, Thomson Financial’s online private equity database, as its official industry database. VentureXpert is an extremely robust research tool that includes data on the full venture capital process. Contributing NVCA member firms are entitled to a 20% discount on VentureXpert annual subscriptions. To become a VentureXpert subscriber, please contact Bill Moore at bill.moore@thomson.com.

NVCA Use & Disclosure Policy
Thomson Financial and PricewaterhouseCoopers has agreed to comply with NVCA mandated rules of "appropriate use." Surveys are processed by a specialized team of Thomson Financial researchers to ensure that data marked "do not disclose" is not used in publications or released to unauthorized users, including NVCA personnel and officers. The mandated rules of "appropriate use" enables VentureXpert to be the first database in the industry to accurately portray a comprehensive picture of venture investment. Click here to see policy.

Press Releases and Research Related Studies
Statistics relating to venture capital fundraising, disbursements, venture-backed IPO's and M&A's, and fund performance are release on a quarterly basis. We encourage the press and general public to check this site often for new and updated data. In addition to quarterly press releases, NVCA issues its Annual Yearbook each spring with a detailed accounting and analysis of the venture capital industry's activity. The Yearbook includes historical data that dates back to the early 1980's, industry specific analysis, international comparisons and information about all aspects of the venture capital cycle. The Yearbook can be purchased online by clicking the NVCA Publications link on this page or by calling NVCA at 703-524-2549. The NVCA also commissions a study, Venture Impact, that quantifies the economic impact of venture capital. Venture Impact is updated every two years.