Bubble? What Bubble? How It's Different This Time. And How It Most Certainly Isn't (37/37)

73 LPs surveyed, part 2 Position How long has your ﬁrm been investing in VC (years) 60 54 40 30 40 23 20 16 20 18 1 3 1 0 0 Partner / MD Analyst to Principal Blank 0-3 3-10 10-20 20+ Haven’t invested much in VC How long has your ﬁrm existed (years) Personal investment experience (years) 40 38 40 27 23 20 14 16 20 15 5 4 4 0 0 0-3 3-10 10-20 20+ 0-3 3-6 6-10 10-15 15+ 37 Source: Upfront Survey Jan 2016.

Bubble? What Bubble? How It's Different This Time. And How It Most Certainly Isn't - Page 37

Bubble? What Bubble? How It's Different This Time. And How It Most Certainly Isn't Page 36