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11
And the number of Micro Funds raised has followed in lock step.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
# Funds and Capital Raised ($) for <$100M Funds
181
83
181
129
Source: Pitchbook NVCA Venture Monitor 4Q’18
2.2x
Down 30%

11
And the number of Micro Funds raised has followed in lock step.
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
# Funds and Capital Raised ($) for <$100M Funds
181
83
181
129
Source: Pitchbook NVCA Venture Monitor 4Q’18
2.2x
Down 30%

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