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12 Compared with a year Upfront LP Survey of the Venture Capital & Startup Industry

12
Compared with a year ago there are far fewer bears amongst LPs - likely driven
by a sense that the industry has gotten through its short-lived tough patch.
2016 2017
6%
1%
76%
70%
17%
29%
1%
Q. How would you describe your current views on venture capital overall?
Bearish
Haven’t changed
Too much capital
More bullish
Source: Upfront Ventures survey of LPs (N=82 and N=73, respectively), Jan 2017, Jan 2016

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