Joanna Glasner's full report can be found on Crunchbase News. (Link below.) https://news.crunchbase.com/news/bull-run-continues-for-north-american-startup-funding-in-q4-and-2018-but-exits-lag/

1. The U.S. & Canadian VC Report
All The Charts
Q4 / EOY 2018

2. North American VC Report – Q4 2018
About These Slides
This presentation contains charts, graphs, and
tables used in Crunchbase News’s quarterly
reporting.
The full text of the report can be found here.
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3. North American VC Report – Q4 2018
Table of Contents
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General Overview 4
Seed-Angel Stage 10
Early Stage 15
Late Stage 20
Technology Growth 25
Methodology 29

4. North American VC Report – Q4 2018
General Overview
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10. North American VC Report – Q4 2018
Seed-Angel Stage
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11. North American VC Report – Q4 2018
About Seed-Angel Stage
Angel & Seed-stage is comprised of seed, pre-seed,
and angel rounds. Crunchbase also includes
venture rounds of unknown series, transactions of
undisclosed type, and convertible notes totaling $1
million (USD or as-converted USD equivalent) or
less. Equity crowdfunding rounds with no listed
dollar value, as well as those totaling less than $5
million, are also counted as seed-stage.
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15. North American VC Report – Q4 2018
Early Stage
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16. North American VC Report – Q4 2018
About Early Stage
Early stage is comprised of Series A and Series B
rounds, as well as other round types. Crunchbase
includes venture rounds of unknown series,
transactions of undisclosed type, and convertible
notes totaling between $1,000,001 and
$15,000,000. Convertible note rounds with missing
dollar values are also counted as early-stage.
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20. North American VC Report – Q4 2018
Late Stage
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21. North American VC Report – Q4 2018
About Late Stage
Late stage is comprised of Series C, Series D,
Series E, and later-lettered venture rounds
following the “Series [Letter]” naming convention.
Also included are venture rounds of unknown
series, transactions of undisclosed type, and
convertible notes of $15,000,001 or more.
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25. North American VC Report – Q4 2018
Technology Growth
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26. North American VC Report – Q4 2018
About Technology Growth
Technology Growth includes private equity
investments in companies that had previously
raised venture funding.
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29. North American VC Report – Q4 2018
Methodology
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30. North American VC Report – Q4 2018
About “Projected” Data
Crunchbase uses projections for global and U.S. trend
analysis.
Crunchbase bases these projections on historical
patterns in late reporting, which are most pronounced
at the earliest stages of venture activity.
Using projected data helps prevent undercounting or
reporting skewed trends that only correct over time.
All projected values are noted accordingly.
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31. North American VC Report – Q4 2018
About “Reported” Data
Certain metrics, like mean and median reported
round sizes, were generated using only reported
data.
Unlike with projected data, Crunchbase calculates
these kinds of metrics based only on the data it
currently has.
All reported values are noted accordingly.
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32. North American VC Report – Q4 2018
About Foreign Currencies
All funding values are given in U.S. dollars unless
otherwise noted.
Crunchbase converts foreign currencies to US dollars at
the prevailing spot rate from the date funding rounds,
acquisitions, IPOs, and other financial events are reported.
Even if those events were added to Crunchbase long after
the event was announced, foreign currency transactions
are converted at the historic spot price.
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