SVB Proprietary Data shows VC-backed companies extend cash runway to new heights.

Companies have cut expenses and raised additional capital, leading to an increase of 25% growth in median cash runway between Q2 and Q3.

VC funds sit on record dry-powder reserves, and fundraising remains strong.

VC funds sit on record dry-powder reserves, and fundraising remains strong.

78% of VC-backed Tech IPOs YTD occurred in Q3, and 44% occurred in September.

These Tech IPOs have garnered favorable valuations — the median revenue multiple sits at 19x.