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42#Q1VC ©2016 KPMG International Cooperative Venture Pulse Q1’16

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42#Q1VC
©2016 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG
network of independent firms are affiliated with KPMG International. KPMG International provides no client
services. No member firm has any authority to obligate or bind KPMG International or any other member
firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any
member firm. All rights reserved.
“New companies looking for early-round
investment need to change their
pitch. Focusing on the size of the
market and potential revenue is no
longer enough. Funding will likely
depend on them having a clear vision of
their road to profitability.”
Conor Moore
National Co-Lead Partner,
KPMG Venture Capital Practice,
KPMG in the US

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