In the past, I’ve been tracking VC fund raising quarter-over-quarter during 2009. In my last post on the subject, after the numbers for Q3 2009 were released by the NVCA, I predicted that less that $10b total would be raised for the full year.
now, curiously, the numbers for past quarters have changed. maybe i’m missing something; if so, somebody please point out where I’m confused.
If you take a look at the numbers in this NVCA report for Q3, the first three quarters look like this:
Q1′ 09: $4.8b
As of Q3 2009, the total for the year was right at $8.37 billion across 74 funds.
Then, in the most recent release that you can find here, the numbers have changed to the following:
Total for 2009: $15.2 billion across 120 funds (and over $10b ahead of Q4)
which, of course, makes my prediction back in Q3 that the entire year may only yield $10b look pretty silly. …the only thing I can gather is that better, more accurate numbers came into the NVCA.org system during Q4. Seems like the NVCA would want to talk a bit more about why those numbers changed. If I figure anything out, I’ll post it.