Startup Fundraising Pitch Deck Metrics

Tracking investors’ hunger for deals and founders’ search for capital on a weekly basis through DocSend’s analytics of pitch decks.

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Pitch Deck Interest (PDI) Metrics

DocSend’s Pitch Deck Interest metrics measure the activity of founders and investors in the fundraising marketplace. They track how pitch decks are being shared and viewed across our platform on a weekly basis.

We break pitch deck activity down into three metrics:

  • The number of pitch decks investors are reviewing
  • How long investors spend reading those decks
  • How many pitch decks founders are sending out

These metrics allow us to evaluate activity in the fundraising marketplace using a supply-and-demand model. We use founder activity as a proxy for supply and investor activity as a proxy for demand.

We’ve created interactive charts for each of these metrics below, and provide weekly analysis of what they mean for the current fundraising landscape.

PDI Metric 1: Investor Deck Interactions

This Pitch Deck Interest metric tracks VC activity in the marketplace by showing how potential investors are interacting with decks. It looks at the average number of pitch deck interactions for each founder happening on our platform right now. This metric gauges the strength of investor demand for startup deals.

PDI Metric 2: Investor Time Spent

Here we measure the average time spent per pitch deck by potential investors. This offers a look at how long VCs are spending reviewing deals. As investors get busy, the time spent tends to go down.

This Pitch Deck Interest metric measures the average number of links each founder is creating per week. High founder activity means lots of decks being sent out. Fewer links created means investors are receiving fewer decks. This metric tracks the strength of founder supply of pitch decks in the marketplace.

For weekly updates on these metrics, subscribe to The Weekly Index.

PDI Put Into Action: Q3 2022

Weekly updates for the current quarter

*Analysis updated every Monday for the previous week

Updated: August 8, 2022

Pitch Deck Interest: +12.19%
Pitch Deck Interest: Time Spent: +16%
Pitch Deck Interest: Founder Links Created: +15.96%

Just when we thought some seasonal predictability had entered the marketplace, VCs and founders threw us a curveball. Activity was up sharply on both sides of the deal-making table.  VC activity was up 12.19% last week and is up 17% year-over-year. The rush of investor activity meant longer deck viewing times, as well: the average VC time on deck increased by 16% to nearly 3 minutes. As has been the case for much of 2022, founders were even more active than investors: founder activity rose by 15.96% last week and is up an impressive 33% year-over-year. Optimism from recent rallies in the public markets is filtering into startup fundraising, and last week’s gains may not be the only disruption to the normally quieter summertime period. Last Friday’s jobs report may reduce fears of a near-term recession, and if this week’s CPI index comes shows a slowing of inflation, the optimism we’ve been seeing in the private markets may continue at pace. Check in with us next week to see how these reports affected fundraising.

Updated: August 1, 2022

Pitch Deck Interest: -5.18%
Pitch Deck Interest: Time Spent: -3.85%
Pitch Deck Interest: Founder Links Created: -10.48%

All three Pitch Deck Interest Metrics dipped last week. Investor activity fell by 5.18% and remains just about in line with last summer’s activity, suggesting that many VCs may be taking a summer break. The average time on deck fell by 3.85% and continues to hover around the 2 minutes, 30 seconds mark. Founder activity fell a bit more sharply, by 10.48%. However, much like investors, founders are right in line with where they were last summer: founder activity is down just 3% year-over-year. Taken holistically, last week’s fundraising activity is further evidence that seasonality is back in the marketplace. With that in mind, we don’t expect activity to tick significantly upwards again until after Labor Day. Check back next week to see if the current year-over-year trends continue to hold steady.

Updated: July 25, 2022

Pitch Deck Interest: -3.83%
Pitch Deck Interest: Time Spent: -3.85%
Pitch Deck Interest: Founder Links Created: -0.94%

After a quick post-holiday jump, the fundraising marketplace mostly held steady last week. Investor activity fell by 3.85%, bringing this metric nearly in line with where we were last year. This near-parity with 2021 suggests that we may indeed be in a summer lull despite the bump in activity from the week before. The average time on deck fell slightly, by 3.85%, and now stands at 2 minutes, 30 seconds. Founders kept up their momentum last week: activity here dipped by just 0.94%. Whereas investors are in line with 2021, founder activity is up 14% year-over-year. Many VCs may be on break for the summer, but the supply of pitch decks remains robust. Check back next week to see whether this pace of founder activity continues. 

Updated: July 18, 2022

  • Pitch Deck Interest: +20.3%
  • Pitch Deck Interest: Time Spent: 0% (no change)
  • Pitch Deck Interest: Founder Links Created: +29.3%

Founders and investors got right back to business last week: activity on both sides of the marketplace spiked as Q3 got underway after the July 4th holiday. VC activity rose by 20.3% and is up nearly 13% year-over-year. The average time on deck was unchanged. Founders were even more active than investors last week: founder activity rose by 29.3% and is up nearly 18% year-over-year. By this time last year, the summer lull had kicked in and we appeared to be heading for a similar seasonal slowdown this year. However, this surprising surge of activity suggests that the marketplace might be a bit livelier this summer than previously expected. Was last week’s uptick just a one-off, or will we see a busier July than last year? Check back next week to see whether founders and investors kept up their momentum.

Updated: July 11, 2022

  • Pitch Deck Interest: -13.89%
  • Pitch Deck Interest: Time Spent: +4.17%
  • Pitch Deck Interest: Founder Links Created: -18.81%

After an uptick in founder and investor activity prior to the July 4th holiday, the fundraising marketplace cooled off last week. Investor activity dropped by 13.89% and the average time on deck rose by 4.17%. These changes could be due to seasonality, on the one hand, and to continued volatility in the public markets, on the other. Despite the dip, however, VC activity is right in line with 2021 from a year-over-year perspective, indicating that the market overall is still healthy. Founder activity fell even more sharply last week, by 18.81%. Seasonality exists for founders, as well: if VCs are on vacation, founders may be prioritizing growing their businesses, especially at the start of a new quarter. That said, founder activity too is in line with 2021 levels. These dips signal that the “summer lull” is in full swing. Macroeconomic changes may still affect the private markets, though, so check back next week to see how the fundraising market responded to new inflation data coming out this week.

Weekly Analyses for Previous Quarters

Q2 Pitch Deck Interest Metrics 2022

Updated: July 5th, 2022

  • Pitch Deck Interest: +9.57%
  • Pitch Deck Interest: Time Spent: -7.69%
  • Pitch Deck Interest: Founder Links Created: +2.02%

Both founders and investors were more active last week heading into the long holiday weekend. We might have expected a slowdown in the marketplace before the July 4th holiday, but with the end of Q2 activity actually ticked upwards. VC activity rose by 9.57% and the average time on deck fell to a new record low of 2 minutes, 24 seconds. Investors may have been looking to review new decks as efficiently as possible before switching off for the holiday. Founder activity rose less sharply, by just 2.02%, but this rise continues a trend of founder activity outpacing 2021 levels. Although investors may not keep up their current pace through the summer, we expect founder activity to remain high from a year-over-year perspective. Check back next week to see how Q3 got started.

Updated: June 27, 2022

  • Pitch Deck Interest: -6.12%
  • Pitch Deck Interest: Time Spent: 0% (no change)
  • Pitch Deck Interest: Founder Links Created: -7.48%

Both founders and investors took a breather last week as summer officially began. VC activity fell by 6.12% and is down just over 4% year-over-year. Last year, investors were less active during the summer months and our 2022 data is beginning to suggest that the same seasonal pattern is underway this year. This summer, we expect this year’s data to behave a bit like last year’s data; however, the overall numbers may be shifted downwards slightly to reflect increased investor caution in the marketplace. VC time on deck continues to hold steady at about 2 minutes, 36 seconds. Like investors, founders were less active last week: founder activity dipped by 7.48% but is up almost 14% year over year. We expect this trend to continue, as well, since founders have been so active this year. What will the last week of Q2 hold for the marketplace? Check back next week to find out.

Updated: June 21, 2022

  • Pitch Deck Interest: +2.94%
  • Pitch Deck Interest: Time Spent: 0% (no change)
  • Pitch Deck Interest: Founder Links Created: +5.94%

Founders and investors were both more active last week. Investor activity was up 2.94%–this is the first increase in VC activity we’ve seen since early May. Is it the start of a trend or a sign that investors are getting extra work done before taking a summer break? On the founder side, the trend is a bit clearer: founder activity continues to rise and outpace 2021 levels. In fact, founder activity is up 37% compared to this time last year. It’s clear that founders are undeterred by investor hesitancy–we may see a summer slowdown in this metric, but we don’t expect it to fall below 2021 levels anytime soon. Check back next week to see whether there’s a sustained uptick in VC interest or whether last week was an outlier.

Updated: June 6, 2022

  • Pitch Deck Interest: -0.83%
  • Pitch Deck Interest: Time Spent: 0% (no change)
  • Pitch Deck Interest: Founder Links Created: +8.16%

Last week saw another small drop in investor activity coupled with a healthy bump in founder activity. Continuing a trend we’ve seen since early May, VC activity fell by a relatively small amount, just 0.83%. Investor deck interactions are actually at the same level they were last year at this time; the difference being that VC activity in 2021 climbed up to this level whereas in 2022 it has tailed off. What’s new is that the investor time on deck remains at all-time lows: VCs are still averaging 2 minutes, 30 seconds per deck amid a flurry of founder activity. Indeed, founder activity rose again last week, this time by a robust 8.16%. From a year-over-year perspective, this is over 34% higher than 2021. What does this signal heading into the summer? Both VC and founder activity should cool a bit during the warmer months (as has often been the case, historically), but we expect investors to slow down a bit more than their founder counterparts. Check back next week to see whether the summer slowdown has begun.

Updated: June 1, 2022

  • Pitch Deck Interest: -0.82%
  • Pitch Deck Interest: Time Spent: -3.85%
  • Pitch Deck Interest: Founder Links Created: +2.08%

Last week saw VC activity remain nearly unchanged as founder activity continued its robust pace. Investor deck interactions dipped slightly, by just 0.82%, but this overall activity metric doesn’t tell the whole story. The average time on deck fell by nearly 4% (to 2 minutes, 30 seconds), equaling the all-time low we saw during Q4 last year. Since we’re in an investor’s market for the time being, this low time on deck signals that VCs may be bouncing out of decks quite quickly when founders aren’t making a strong early impression. Founder activity rose by just over 2% last week: the supply of pitch decks continues to be healthy, even in the face of uncertainty in the public and private markets. This is another sign that founders will have to work harder to cut through the noise when communicating with investors. Check back next week to see whether the Memorial Day weekend slowed fundraising down.

Updated: May 23, 2022

  • Pitch Deck Interest: -1.21%
  • Pitch Deck Interest: Time Spent: -3.85%
  • Pitch Deck Interest: Founder Links Created: +3.23%

Last week’s fundraising marketplace activity shows why we have entered an investor’s market, at least for the time being. VC activity fell by 1.21% but the average time spent reviewing decks fell by 3.85%–a sizable drop for this metric. Investors have been interacting with fewer decks since the start of the year, and when they do engage with a pitch deck they’re at near-record lows for time spent. This suggests that investors are becoming increasingly judicious even before setting meetings with founders. By contrast, founder activity rose by 3.23% last week: there continues to be a steady supply of pitch decks in the marketplace for VC review. These contrasting behaviors (hesitancy on the part of investors and optimism on the part of founders) show that investors can afford to be much more picky than they were last year when reviewing decks. Will this cause founder optimism to wane eventually? Check back next week to see what the marketplace looks like.

Updated: May 17, 2022

  • Pitch Deck Interest: -2.76%
  • Pitch Deck Interest: Time Spent: -3.7%
  • Pitch Deck Interest: Founder Links Created: -9.71%

All three Pitch Deck Interest Metrics fell last week after rising together the week before. VC activity fell by 2.76% and continues to remain lower than 2021 levels, as it has for most weeks since late February. However, when investors are engaging with decks they are doing so with high efficiency: the average time on deck stands at 2 minutes, 36 seconds, only 4% higher than the all-time low we saw last year. On the founder side, founder activity fell by 9.71% last week after a significant rise the week before. Founder activity has been keeping pace with 2021 levels since late February, meaning that there’s increasing competition for VC attention. With continued declines in the public markets and nervousness about growth forecasts (not to mention persistent inflation), we may see this “investor’s market” continue over the short- to medium-term.

Updated: May 10, 2022

  • Pitch Deck Interest: +5.39%
  • Pitch Deck Interest: Time Spent: +3.85%
  • Pitch Deck Interest: Founder Links Created: +18.39%

All three Pitch Deck Interest Metrics ticked upwards last week, despite volatility in the public markets. VC activity rose by 5.39%, continuing the seesawing we’ve seen since early April. Investor time on deck increased by 3.85% but remains lower than 2021 from a year-over-year perspective. Founder activity rose by a healthy 18.39% last week and is over 5% higher than this time last year. With VC activity down almost 7% year-over-year, this spike in founder activity is another indication that the supply of pitch decks continues to outpace demand. What does this mean for founders? With continued macroeconomic uncertainty, VC activity may not rise to meet the extra supply of potential deals right away. Founders may face more competition for funding and investor capital may be deployed at lower valuations. Follow our weekly PDI updates to see whether a clearer picture emerges in the coming weeks.

Updated: May 2, 2022

  • Pitch Deck Interest: -8.02%
  • Pitch Deck Interest: Time Spent: -3.7%
  • Pitch Deck Interest: Founder Links Created: -8.42%

Fundraising activity slowed last week for both founders and investors. VC activity fell by just over 8% and is down more than 16% year-over-year. That said, investors were more efficient when going through decks last week: the average VC time on deck fell by 3.7% and is down 7% year-over-year. Although investors are going through fewer decks, they’re even more focused than last year when choosing to evaluate potential deals. Founders should note that they’ll need to quickly hook investors with the first few slides of their deck. Founder activity fell, too, last week: the average number of founder links created dipped by 8.42%, bringing us nearly in line with 2021 levels. Overall, then, the supply of potential deals remains robust when compared to last year, whereas demand is still a bit sluggish when compared to last year. This signals an increasingly competitive fundraising marketplace for founders. Check in with us next week to see whether any signs of increased investor optimism have emerged.

Updated: April 25, 2022

  • Pitch Deck Interest: +11.49%
  • Pitch Deck Interest: Time Spent: +3.85%
  • Pitch Deck Interest: Founder Links Created: -1.04%

Founders kept up their pace last week while investors increased theirs. VC activity was up 11.49% following nearly two months of steady decline or only modest increases. Perhaps because of this uptick in activity, the average investor time on deck also increased (by 3.85%) and now stands at 2 minutes, 42 seconds. Founder activity remained nearly unchanged last week, dropping by just 1.04% to stay just about in line with 2021 levels. It’s clear the supply of pitch decks remains healthy (even though it’s fallen from its Q1 highs), but does the increase in VC demand for deals indicate a reversal of recent trends on their side? We’ll need a few more weeks of data to know for sure. However, good earnings reports in the public markets and some easing of geopolitical tensions would go a long way toward boosting investor confidence over the short to medium term. Check back next week to see if we can begin to discern a new trend on the demand side.

Updated: April 18, 2022

  • Pitch Deck Interest: -9.96%
  • Pitch Deck Interest: Time Spent: 0% (no change)
  • Pitch Deck Interest: Founder Links Created: +6.67%

Whereas Q1 got off to a slow start at the beginning of April, last week saw more movement in our Pitch Deck Interest Metrics. However, that movement was not all in the same direction. VC activity was down sharply last week, declining by 9.96%. The average time spent on deck was unchanged. Putting the activity dip into a year-over-year perspective brings it into sharper relief: investor deck interactions are down over 23% compared to this time last year. Although there’s still VC optimism in the marketplace, it’s clear that macroeconomic factors (specifically the war in Ukraine and inflation) are continuing to weigh heavily on investors’ minds. Founders, for their part, appear much more buoyant: founder activity rose by 6.67% last week and remains in line with 2021 levels. Record numbers of companies were founded in 2021, so we can expect founder activity to remain robust for the time being as those startups seek new capital. Will investors be enticed by these potential deals, though? Check back next week as we see whether VC activity rises to meet an increased supply of founder pitch decks.

Updated: April 11, 2022

  • Pitch Deck Interest: -1.51%
  • Pitch Deck Interest: Time Spent: -7.14%
  • Pitch Deck Interest: Founder Links Created: -9.09%

After an uptick across all metrics to close out Q1, Q2 got off to a slower start last week. VC activity was down 1.51% and is currently down nearly 8% from a year-over-year perspective. The overall activity baseline remains high, but the short term trend is one of continued caution. Even though they were less active last week, VCs were much more efficient when going through decks: the average time on deck fell by 7.14%, indicating that while investors may be cautious they’re still quite focused when evaluating potential deals. Founder activity fell the most last week, dropping by 9.09%. The timing of this drop, coupled with last week’s increase, suggests that founders have turned their attention to beginning-of-quarter matters at their businesses and may not be in a rush to send out decks. Will marketplace activity ramp up as Q2 gets in full swing? Check back next week to learn more.

Q1 Pitch Deck Interest Metrics 2022

Updated: April 4, 2022

  • Pitch Deck Interest: +4.74%
  • Pitch Deck Interest: Time Spent: +7.69%
  • Pitch Deck Interest: Founder Links Created: +7.61%

There were increases across the board last week in our Pitch Deck Interest Metrics. Both investors and founders were busier heading into the end of Q1. VC activity rose by 4.74% after four weeks of declines, finishing the quarter 5% higher than this time last year. The average time on deck rose, as well: investors spent 7.69% more time scrutinizing decks last week, bringing the current average to 2 minutes, 48 seconds. Founders were busy, as well: founder activity rose by 7.61% last week in what looks to be a healthy end-of-quarter push to share decks with VCs. Does this end-of-quarter activity spell momentum going into Q2? In the absence of sustained macroeconomic optimism it’s hard to answer in the affirmative just yet. Check back next week to see if last week’s activity marks the start of a new trend.

Updated: March 28, 2022

  • Pitch Deck Interest: -1.94%
  • Pitch Deck Interest: Time Spent: 0% (no change)
  • Pitch Deck Interest: Founder Links Created: -2.13%

Last week saw slight declines in VC and founder activity as the fundraising marketplace mostly held steady heading into the end of Q1. Investor activity was down 1.94%, and even though overall activity remains high the trend since early in the quarter continues to be one of caution. The average time on deck was unchanged last week, and now stands at 2 minutes, 36 seconds. Founder activity fell slightly, as well, following a much bigger drop the week before: average links created dipped by 2.13%, bringing founder activity just about in line with where we were this time last year. Where does this leave the marketplace with one week to go in Q1? It’s a matter of perspective: zoomed-out comparisons to previous years still show a high baseline of activity and plenty of momentum in the market. More recent trends reveal cautious investors and founders responding to that caution. Check back next week to see how the end of Q1 shaped up.

Updated: March 22, 2022

  • Pitch Deck Interest: -2.27%
  • Pitch Deck Interest: Time Spent: -3.7%
  • Pitch Deck Interest: Founder Links Created: -12.96%

All three Pitch Deck Interest Metrics fell last week, suggesting that macroeconomic factors might supersede an end-of-quarter rush. Investor activity fell by 2.27% and is now nearly 9.5% lower than this time last year. The average time on deck fell, as well: even though VCs are less busy overall than earlier this year, they’ve been receiving lots of decks and giving efficient looks to the ones they read. Founder activity dropped by the largest amount, falling by 12.96% after two weeks of gains. Founders may already have had their late-quarter rush and, influenced by VC caution, may be keeping their powder dry until the marketplace looks more optimistic. We don’t expect any definitive movements in the private markets before the end of the month; check back next week to see how Q1 ended.

Updated: March 14, 2022

  • Pitch Deck Interest: -0.75%
  • Pitch Deck Interest: Time Spent: -7.14%
  • Pitch Deck Interest: Founder Links Created: +5.88%

Last week saw investors hold relatively steady while founders appear to have begun an end-of-quarter rush to send out decks. VC activity declined slightly, by 0.75%, but investor interest is down by just 3% since early February. The demand side of the market has been fairly flat since then, likely reflecting investor caution in light of macroeconomic concerns. However, the average investor time on deck fell sharply again last week: founders have been sending out more decks lately, so a drop in time spent was to be expected–especially given the spike in this metric we saw toward the end of February. Whereas VC activity remained flat, founders continue to show signs of a rush to get decks in front of investors by the end of Q1. Founder activity rose by 5.88% last week, bringing this metric (barely) back above 2021 levels. Overall, activity in the marketplace remains high, but we can expect founders to keep ramping up activity through the end of the month while investors will likely remain cautious for the time being.

Updated: March 7, 2022

  • Pitch Deck Interest: -5.34%
  • Pitch Deck Interest: Time Spent: -6.67%
  • Pitch Deck Interest: Founder Links Created: +9.68%

Last week was another up-and-down week in the startup fundraising marketplace. Investor activity was down 5.34% after rising by 3.69% the week before. With this decrease in activity came less time spent on decks: VCs spent 6.67% less time last week, bringing the current average to 2 minutes, 48 seconds. The fact that VC activity has held fairly steady over the past few weeks should not obscure an important point: investor activity is down 5% year-over-year. This is the first time weekly investor deck interactions have made a year-over-year decline since the initial bounceback from COVID in April-May 2020. Founder activity rebounded last week, increasing by 9.68%. However, this weekly metric has also fallen below 2021 levels, coming in 3.77% less than where we were last year. Although we should expect an uptick in both founder and VC activity before the end of Q1, any gains may be lackluster given the caution currently in the marketplace. Check back next week to see whether the end-of-quarter rush has started.

Updated: February 28, 2022

  • Pitch Deck Interest: +3.69%
  • Pitch Deck Interest: Time Spent: +3.57%
  • Pitch Deck Interest: Founder Links Created: -14.68%

The volatility we saw in mid-February continued into last week, as investors and founders chart a way forward in an uncertain political and economic context. Investor activity was up 3.69% after falling by about the same amount the week prior. Time on deck increased again, however, jumping by 3.57%. This is a metric that tends to move in smaller increments, so an increase like this is another indicator of investor caution: as VCs have scaled back their deck interactions since the start of the year, they’re spending more time on the decks they are evaluating. Founder activity fell by over 14% for the second week in a row. As we pointed out last week, this may be in response to investor caution and a sign that many founders made a push to get decks to VCs early in the quarter. However, founder activity is still up nearly 9.5% year-over-year, so there’s still a healthy supply of pitch decks in the marketplace to match VC demand for deals that’s hovering around the same levels as last year. More short-term volatility may be in the cards, so watch this space for our take on the fundraising marketplace.

Updated: February 22, 2022

  • Pitch Deck Interest: -4.24%
  • Pitch Deck Interest: Time Spent: 0% (no change)
  • Pitch Deck Interest: Founder Links Created: -14.17%

Both founders and investors were less active last week. Investor activity was down 4.24%, as this Pitch Deck Interest metric gave back the gains it made the week before. The average time spent on pitch decks stayed flat. On the other side of the funding table, founder activity was down over 14%. Founders had been on a tear of late, so this dip may reflect the cyclical nature of fundraising as well as recent signs of increased caution from investors. We may indeed be in for more of this volatility over the coming weeks: uncertainty in the public markets, inflation concerns, and geopolitical tensions could all contribute to hesitation from investors and, in turn, wariness from founders. Check back next week to see if the broader fundraising landscape looks less murky.

Updated: February 15, 2022

  • Pitch Deck Interest: +4.27%
  • Pitch Deck Interest: Time Spent: +0.38%
  • Pitch Deck Interest: Founder Links Created: +9.87%

Activity in the fundraising marketplace increased among both founders and investors last week. After three weeks of falling demand, investor deck interactions increased by 4.27% last week. This is a sign of cautious optimism from investors who spent much of January digesting worrisome news about inflation and trying to gauge the Fed’s future monetary policies. Their average time on deck was nearly unchanged, increasing by just 0.38%. Founders were as active as they’ve ever been last week, however. Founder activity increased by a healthy 9.87%, marking the second most active week for founders of all time. Public-market concerns don’t seem to be affecting the supply side of the fundraising marketplace as yet, and we can expect founders to remain busy over the short term. Will new inflation data dent VC confidence again, though? Check back next week to find out.

Updated: February 7, 2022

  • Pitch Deck Interest: -5.56%
  • Pitch Deck Interest: Time Spent: +1.54%
  • Pitch Deck Interest: Founder Links Created: +2.68%

Founders and investors moved in opposite directions last week, with volatility in the public markets and concerns about inflation and interest rates continuing to impact demand in private fundraising. Investor activity fell for the third week in a row last week, dropping by 5.56%. VC demand for pitch decks is still over 5% higher than this time last year, but it seems like investors’ hot start to 2022 has ended. At this time, we expect continued caution from investors as they try to get a handle on the Fed’s monetary policy while looking out for deals in private markets that are still robust. VCs’ average time on deck last week was nearly unchanged, rising by just 1.54%. By contrast, founder activity rose last week, ticking upwards by 2.68%. Unlike investors, founders have been consistently busy since the start of the year, although we expect this metric to cool a bit over the coming weeks. After their initial burst of January activity, founders may respond to investors’ current caution and keep their powder dry until VCs are more obviously optimistic. Check back next week for a further look at the community’s confidence levels.

Updated: January 31, 2022

  • Pitch Deck Interest: -5.57%
  • Pitch Deck Interest: Time Spent: -3.76%
  • Pitch Deck Interest: Founder Links Created: -3.45%

Activity in the fundraising marketplace slowed slightly last week after founders and investors raced out of the blocks in early January. Investor activity was down for the second week in a row, slipping 5.57% last week. This decline could be due to uncertainties in public markets denting optimism in private fundraising. VCs were more efficient with their time, though: the average time on deck fell by 3.76%, bringing the current average read time to 2 minutes, 34 seconds. We aren’t quite at the record lows we saw last year, but we aren’t far off. Even if investors are slightly less active than they were at the start of January, they’re still laser-focused when going through decks. Founder activity fell last week, as well, following a 20%+ increase the week prior. Activity on the founder side fell by 3.45% but is still 46% higher than last year at this time. The bottom line? The marketplace is still buzzing, but we’ll be keeping an ear to the ground for more rumblings of uncertainty.

Updated: January 24, 2022

  • Pitch Deck Interest: -4.39%
  • Pitch Deck Interest: Time Spent: +1.15%
  • Pitch Deck Interest: Founder Links Created: +21.47%

The beginning of Q1 2022 continues to be a hot time in the fundraising marketplace. Investors held steady for the most part last week, sticking to the already high level of interest in deals they’ve shown since the year began. VC activity was down 4.39%, but deck interactions are still higher than they’ve ever been for mid-January. As we might expect from the slight dip in activity, the average investor time on deck crept upwards, increasing by 1.15%. Founders, on the other hand, were even busier last week than the week before: founder activity was up 21.47%, possibly because many founders waited until January to send decks to investors–VCs are much more active at the start of the year than they tend to be in December. Overall, there’s still a very healthy level of optimism in the private marketplace, despite the selloffs we’ve been seeing in the public markets. That uncertainty hasn’t yet seeped into startup fundraising. Will the end of January be as hot as the start? Stay tuned for the latest data and analysis.

Updated: January 18, 2022

  • Pitch Deck Interest: +0%
  • Pitch Deck Interest: Time Spent: -6.5%
  • Pitch Deck Interest: Founder Links Created: +17.18%

Investors began the year at a swift pace and kept up their energy levels last week. There was no week-to-week change in VC activity, although the average time spent on deck dropped by 6.5%. In 2021, investors took several weeks to ramp up their activity at the start of Q1, but this year they’re already busy: VC activity is up 61% over this time last year. It was founders who made the biggest gains last week, though, as if they were waiting for Q1 to fully begin before sending out decks to investors. Founder activity rose by 17.18% last week and founders, too, are busier than they were last year at this time. Founder activity is up nearly 21% over this time last year. Overall, we have a private marketplace that’s going full steam ahead, even as public markets show uncertainty during earnings season and against the backdrop of concerns about the Fed’s tightening of monetary policy. Will momentum continue throughout January? Check back next week to find out.

Updated: January 11, 2022

  • Pitch Deck Interest: +38.7%
  • Pitch Deck Interest: Time Spent: +3.76%
  • Pitch Deck Interest: Founder Links Created: +21.1%

As always after the holidays, founders and investors got back to business at the start of the new year. Investor activity jumped the most, increasing by 38.7% over the previous week. January tends to be a time of high VC interest in deals, and this is already proving to be no exception in 2022. The momentum that VCs carried into December does not seem to have abated over the holidays. This is true despite the average time spent on deck increasing by 3.76% last week–we expect this number to even out over the next couple weeks and settle down near 2 minutes, 30 seconds as VCs get back in the groove. Founder activity also spiked, though not by as much: it increased by 21.1% over the previous week. We also expect this number to increase in the coming weeks as founders catch up to busy VCs after keeping their powder dry over the holidays (many founders know that sending decks out in January can be more fruitful than in December). So far in 2022, enthusiasm in the private marketplace isn’t reflecting the volatility we’ve seen in the public markets, especially among tech stocks. Check back next week to see if this enthusiasm strengthened.

Q4 Pitch Deck Interest Metrics 2021

Updated: January 4, 2022

  • Pitch Deck Interest: -10.9%
  • Pitch Deck Interest: Time Spent: -3.64%
  • Pitch Deck Interest: Founder Links Created: +3.58%

The last week of the year is historically a slow one, and the end of 2021 was no exception. Investor activity fell by nearly 11%, continuing an end-of-year slowdown. The average time on deck fell slightly (by 3.64%), but only after climbing by over 11% in the weeks leading up to the New Year’s holiday. Our Time Spent metric isn’t one that typically moves this much, so this is further evidence of a seasonal fundraising break. We expect investors to get right back to business at the start of Q1, however. On the supply side of the funding table, founder activity was fairly flat last week, increasing by just 3.58%. This modest increase comes on the heels of several weeks of holiday declines. In all, our metrics show holiday seasonality returning to the fundraising marketplace. Take note, though: even though VC and founder activity tapered off at the end of 2021, it fell to levels that were still higher than any other year in our data set. The activity baseline remains high, suggesting a hot start to the new year. Check back next week to see how 2022 got started.

Updated: December 20, 2021

  • Pitch Deck Interest: -8.97%
  • Pitch Deck Interest: Time Spent: +1.56%
  • Pitch Deck Interest: Founder Links Created: -6.74%

The fundraising marketplace slowed down last week. We might have expected another small surge before the holidays, but it seems that founders and investors are taking a much needed break heading into the new year. Investor activity was down 8.97% last week, and the average time on deck crept upwards by 1.56%. Investor activity overall remains high, up 41% over this time last year–it’s safe to say that even with a holiday slowdown investors will be bringing energy to 2022. Founder activity was down 6.74% last week, a second straight week of declines signaling that founders may be keeping their powder dry until after the holidays. Even with high overall VC activity it’s wise for founders to wait until a comparatively busier period to ensure as many eyes as possible see their decks. That said, founder activity is still up 13% over this time last year, so the supply side of the marketplace remains busy, as well. We can expect the marketplace to slow a bit more next week–seasonality has certainly returned to fundraising to some extent. Will founder activity dip below 2020 levels, though? Check back to find out.

Updated: December 13, 2021

  • Pitch Deck Interest: +2.11%
  • Pitch Deck Interest: Time Spent: +3.66%
  • Pitch Deck Interest: Founder Links Created: -6.12%

Updated: December 6, 2021

  • Pitch Deck Interest: +9.65%
  • Pitch Deck Interest: Time Spent: -2.39%
  • Pitch Deck Interest: Founder Links Created: +14.88%

Founders and investors got right back to business last week after taking a break for the Thanksgiving holiday. Investor activity increased by 9.65% after falling from its record pre-Thanksgiving high. What’s more, the average investor time on deck hit a new low, dropping by 2.39% to reach 2 minutes, 27 seconds. Founders were not to be outdone, however: founder activity jumped by 14.88% last week, signaling that both sides of the fundraising marketplace will be looking to make deals before the next holiday lull later in December. And that’s exactly what we can expect: fundraising activity will be busy throughout most of December, provided the startup marketplace doesn’t pick up any of the skittishness from the public markets’ reaction to Omicron uncertainty. Check back next week to see whether founders and VCs kept up the pace.

Updated: November 29, 2021

  • Pitch Deck Interest: -22.22%
  • Pitch Deck Interest: Time Spent: -2.35%
  • Pitch Deck Interest: Founder Links Created: -3.24%

Due to the Thanksgiving holiday, last week was predictably slow for both founders and investors. VC activity dropped 22.22%, giving back the gains from its record-setting pre-holiday surge. The average time spent on deck also fell, dipping by 2.35% to 2 minutes, 29 seconds. Founder activity dropped only slightly last week, falling by just 3.24%. Last week’s dips were to be expected: as we see seasonality return to the post-pandemic fundraising marketplace, we should see activity rise and fall around major holidays. Overall, though, activity on both sides of the funding table still remains high compared to last year and to the pre-pandemic economy. The wrench in the works could be the new Omicron variant that rocked public markets last week and saw many countries reimpose travel restrictions. Will these COVID concerns dent startup fundraising optimism? Check back next week to see what the marketplace has made of the news.

Updated: November 23, 2021

  • Pitch Deck Interest: -23.62%
  • Pitch Deck Interest: Time Spent: +2.01%
  • Pitch Deck Interest: Founder Links Created: -16.26%

Following recent surges in founder and investor activity, a degree of normalcy returned to the fundraising marketplace last week. We predicted that the VC and founder surges would subside a bit as the Thanksgiving holiday approached, and that’s exactly what happened. Investor activity was down 23.62% last week, although it should be noted that even with this drop activity levels are still nearly 9% higher than the all-time high we saw back in April. The average time spent reviewing decks climbed upwards, too: investor time on deck rose by 2.01% and now stands at just over 2 minutes, 32 seconds. Once again, this would have been a record for our Time Spent metric at nearly any other time. Founder activity fell by 16.26% as founders seem to have submitted most of their pre-holiday decks already. Overall, last week’s drops reflect a return to seasonality in the marketplace: we saw jumps in activity as founders and VCs prepared for a holiday break, followed by the attendant slowdown as Thanksgiving drew closer. We can expect a slow Thanksgiving week, of course, but it’s also likely that activity will pick up again soon after. The bottom line: even as seasonality returns to post-pandemic fundraising, optimism and activity remain high. Check in next week to see what the after-Thanksgiving forecast looks like.

Updated: November 16, 2021

  • Pitch Deck Interest: +19.78%
  • Pitch Deck Interest: Time Spent: +0.81%
  • Pitch Deck Interest: Founder Links Created: +10.54%

As the holiday season fast approaches, VCs and founders have both been busy evaluating and sending decks. Last week, founder and investor activity pushed upwards again, with the latter seeing another all-time high. VC engagement with pitch decks rose by 19.78% and the average investor time on deck was nearly unchanged, ticking up by just 0.81%. This sustained spike in VC activity has the markings of a final pre-holiday push: the seasonality of startup fundraising may be slowly returning, so we’d expect investors to seek out as many new deals as possible before taking a break for the holidays. Although founder activity didn’t jump quite as much as investor activity last week it still rose by 10.54%–this indicates that founders are making a push before the holidays, as well. We should expect both sides of the funding table to pump the breaks over the next few weeks. But will there be another push in December? Stay tuned to our weekly analyses to follow all the activity.

Updated: November 8, 2021

  • Pitch Deck Interest: +30.47%
  • Pitch Deck Interest: Time Spent: -4.31%
  • Pitch Deck Interest: Founder Links Created: -15.09%

Another week, another record in the fundraising marketplace. Several weeks ago, we saw founder activity hit an all-time high and last week it was investors’ turn to reach a new high-water mark. VC activity in the marketplace soared 30.47%, reaching a record level that’s nearly 19% higher than the previous record set in mid-April. What’s more, investor time on deck reached yet another record low, dropping by 4.31% to move below 2 minutes, 30 seconds for the first time. This investor activity can be seen in part as a response to the sharp increase in founder pitch decks that we saw several weeks ago. But we should also look at the calendar and note that Thanksgiving is fast approaching: this spike in VC activity may also be investors looking to set up deals before the holiday lull arrives. On the other side of the funding table, founder activity fell by 15%, giving back the gains made several weeks ago. Despite this drop, there’s no cause for concern: even with two weeks of sharp dips, founder activity is still hovering around the highs of Q2 and Q3. In short, there’s still a surfeit of optimism in the marketplace heading into the holiday season. Check back next week to see if VCs can keep up their frenetic pace.

Updated: November 1, 2021

  • Pitch Deck Interest: -0.36%
  • Pitch Deck Interest: Time Spent: -2.32%
  • Pitch Deck Interest: Founder Links Created: -10.94%

Last week was another record-setting week in the fundraising marketplace. At the end of Q3, we predicted that Q4 would be a busy one and that prediction has held true so far: founders and VCs seem to be cramming a lot of activity in before the holiday season starts later this month. Activity in the marketplace held relatively steady last week as both supply and demand continued buzzing along. Investor activity held firm at its high level, dipping by just 0.36%. From a year-over-year perspective, VC activity is up nearly 39% over this time last year. Founder activity fell by 10.94% last week, but bear in mind that this metric had increased by nearly 30% the week before. If ever an almost 11% drop could be considered “holding steady,” this is the time: even with last week’s drop, founder activity is at its second-highest level of all time (tied with mid-March). As investors and founders kept busy, the Investor Time Spent metric hit a new all-time low, dropping by 2.32% to reach just under 2 minutes, 32 seconds. This dip is understandable given the glut of supply decks currently in the marketplace, and it also means founders should prepare decks knowing that investors have less time than ever to examine them. Will this pre-holiday rush continue? Check back next week to see.

Updated: October 25, 2021

  • Pitch Deck Interest: +1.45%
  • Pitch Deck Interest: Time Spent: +0.39%
  • Pitch Deck Interest: Founder Links Created: +29.55%

Last week’s fundraising activity shows that optimism in the marketplace continues to run high in Q4. Investor activity crept up slightly, increasing by 1.45% as VCs continued to look eagerly for new deals. The average investor time on deck remained nearly unchanged and ticked up by just 0.39%. In this case, no news is good news: last week’s modest changes on the demand side signal that investors are still just as active as they’ve been all year. The big change, however, occurred on the supply side: founder activity jumped by 29.55%, setting a new all-time high. The week prior to last, investor activity had increased by 20%, and throughout the year we’ve seen founders respond to spikes in demand with spikes of their own one or two weeks later. With two jumps in as many weeks on either side of the funding table, we can confidently predict sustained enthusiasm for deals and funding for the rest of 2021. It’s also beginning to look like 2022 will start off strong as well, following the standard holiday break. Can founders keep up this tempo? Check back next week to see.

Updated: October 18, 2021

  • Pitch Deck Interest: +20%
  • Pitch Deck Interest: Time Spent: -3.79%
  • Pitch Deck Interest: Founder Links Created: +10.89%

Investors and founders ramped up their activity levels last week as Q4 got into full swing. VC activity rose by 20%, taking our Investor Deck Interactions metric back to the heady days of April this year: investor activity is only down 9.8% from the all-time high we saw in mid-April. What’s more, investor time on deck fell to a new all-time low last week: this metric fell by 3.79%, meaning VCs are spending an average of 2 minutes, 32 seconds analyzing pitch decks. The demand side of the fundraising marketplace is clearly abuzz, and the supply side is doing its best to keep up. Founder activity rose by 10.89% last week, meaning there’s optimism throughout the fundraising landscape. This bodes well for the rest of Q4: while we’ll certainly see a slowdown over the holidays, as usual, the activity baseline is so high that the marketplace should be busy for the rest of 2021. Will news about growth slowdowns in China temper this outlook? Check back next week to see how the fundraising marketplace has digested this potential uncertainty.

Updated: October 11, 2021

  • Pitch Deck Interest: -2.54%
  • Pitch Deck Interest: Time Spent: -1.87%
  • Pitch Deck Interest: Founder Links Created: -11.78%

Activity slowed across the board last week as Q4 got underway. Investors were slightly less busy last week than the week before as VC activity dipped 2.54%. Despite this dip, VCs were a bit more efficient in going through decks: the average time on deck fell by 1.87%, bringing us back near all-time lows. VCs continue to remain laser-focused when evaluating deals, and founders sending out decks should prepare succinct pitches accordingly. Founders were much less busy than investors last week: founder activity fell by 11.78% after several weeks of stability to end Q3. A drop like this is to be expected, though: founders have businesses to run, and if they were busy sending out pitch decks by the end of last quarter they may have taken a break to help their companies start Q4 right. Overall, founder and VC activity remains high relative to 2020 and earlier, so we can expect these metrics to increase again as everyone starts hitting their stride in Q4. Check back next week for more clarity on Q4 momentum.

Q3 Pitch Deck Interest Metrics 2021

Updated: October 4, 2021

  • Pitch Deck Interest: -9.23%
  • Pitch Deck Interest: Time Spent: +0.76%
  • Pitch Deck Interest: Founder Links Created: -0.98%

Two of our three metrics (time spent and founder activity) remained relatively stable last week as Q3 drew to a close. However, investor activity fell by 9.23%. This dip might seem significant at first glance, but investor activity tends to fall at the end of every quarter and the baseline for VC activity is still very high–it’s currently up 26% compared to this time last year. So overall, investors are still very active heading into Q4. Even though they were less busy last week, they hardly changed their time on deck: this metric crept upwards by just 0.76%, remaining near all-time lows. Founder activity was also static, falling by just 0.98%. Here, too, the baseline remains high: founder activity is up 55% year over year. Heading into Q4, then, the fundraising picture is clear: we’re still looking at a very active marketplace, one where investors are moving through decks very quickly. Will founders and investors take a breather at the start of the new quarter? Check back next week to see how Q4 began.

Updated: September 27, 2021

  • Pitch Deck Interest: +3.59%
  • Pitch Deck Interest: Time Spent: -2.26%
  • Pitch Deck Interest: Founder Links Created: 0% (no change)

Fundraising activity remained busy last week as founders and investors prepared for the end of the quarter. On the demand side, investor activity increased by 3.59%, reaching its highest point of the quarter. To be sure, VC activity is still a ways off from the heights of early Q2 (down nearly 15% since those heady days), but this Q3 high suggests that investor activity will retain some momentum heading into Q4. Investor time on deck also ticked downwards to match that increase in activity, once again reaching the all-time low we saw a few weeks ago. On the supply side, founder activity remained steady last week, but this is actually a signal of strength: for such a volatile metric, recent increases plus a week of no change also evinces momentum for the new quarter. But will fears of a government shutdown dent fundraising confidence? They’ve already caused volatility in equities markets. Stay tuned to see how the fundraising marketplace digests these concerns in the home stretch of Q3.

Updated: September 21, 2021

  • Pitch Deck Interest: +5.46%
  • Pitch Deck Interest: Time Spent: +1.92%
  • Pitch Deck Interest: Founder Links Created: +21.43%

In last week’s analysis, we posited that the fundraising marketplace was poised to pick up a head of steam going into the end of Q3. Last week’s founder and investor activity bolstered that prediction: VC activity was up 5.46% after remaining unchanged the week before. The average investor time on deck crept up slightly but is still at the second-lowest point we’ve ever seen. The real action last week, however, was on the supply side of the market: founder activity was up 21.43%, reaching its highest point yet this quarter in a third straight week of gains. This surge in activity on both sides of the funding table suggests that we’re going to see a sprint to the finish of Q3: we can expect founders and VCs to continue ramping up activity and end the quarter with a bang. Check back next week to see whether VCs can match the founder enthusiasm we’ve seen this week.

Updated: September 13, 2021

  • Pitch Deck Interest: 0% (no change)
  • Pitch Deck Interest: Time Spent: -4.46%
  • Pitch Deck Interest: Founder Links Created: +7.28%

As founders and investors got back to work after the Labor Day holiday last week, they gave us several things to consider for the fall fundraising season. Overall investor activity remained unchanged from the week before, and this is a sign of strength in the marketplace. We’re in what has historically been a slower fundraising period–even during the hot second half of 2020 VC activity fell around late August and early September, so the fact that VCs kept up their pace last week means the demand side of the marketplace is in robust health. What did change, however, was the Time Spent metric: the average time investors spent on decks fell by 4.46% to reach an all-time low of 2 minutes, 34 seconds. Investors are going through decks more quickly than ever, and founders should prepare pitch decks accordingly and succinctly hook readers from the get-go. Over on the supply side of the marketplace, founder activity rose by 7.28% last week, making gains for the second week in a row. Founder momentum looks set to keep a steady supply of pitch decks coming in for VC review, and investors look set to read those decks eagerly but efficiently. Is the market building up a head of steam for further gains through the end of Q3? Check back next week to see how things have progressed.

Updated: September 7, 2021

  • Pitch Deck Interest: -6.67%
  • Pitch Deck Interest: Time Spent: -2.2%
  • Pitch Deck Interest: Founder Links Created: +2.35%

Updated: August 30, 2021

  • Pitch Deck Interest: 0% (no change)
  • Pitch Deck Interest: Time Spent: -1.45%
  • Pitch Deck Interest: Founder Links Created: -15.66%

Updated: August 23, 2021

  • Pitch Deck Interest: +6.7%
  • Pitch Deck Interest: Time Spent: 0% (no change)
  • Pitch Deck Interest: Founder Links Created: -1.41%

Updated: August 16, 2021

  • Pitch Deck Interest: +4.37%
  • Pitch Deck Interest: Time Spent: -3.24%
  • Pitch Deck Interest: Founder Links Created: +12.47%

Both investor and founder activity rebounded last week. Investor deck interactions were up 4.37% after two weeks of declines. More remarkably, though, was how efficient VCs were with their time last week: the average time on deck fell by 3.24%, reaching 2 minutes, 41 seconds. This is the lowest weekly time on deck average in 2021 and the second-lowest weekly point since 2018. Although investors aren’t quite as active as they have been at other times this year, they’re moving through decks very quickly and likely know exactly what they want to see in a potential deal. Founders should take note: as VC time on deck drops, pitch decks need to be short and succinct to capture investors’ attention. VCs weren’t the only busy ones last week, either. Founder activity rose by 12.47% after the prior week’s sharp drop, continuing the volatility we’ve seen from founders throughout much of 2021. Will founders remain consistently active, and will the investor time on deck average continue to fall? Check back next week to see how the landscape has evolved.

Updated: August 9, 2021

  • Pitch Deck Interest: -3.38%
  • Pitch Deck Interest: Time Spent: -4.18%
  • Pitch Deck Interest: Founder Links Created: -15.76%

Updated: August 2, 2021

  • Pitch Deck Interest: -5.95%
  • Pitch Deck Interest: Time Spent: +0.35%
  • Pitch Deck Interest: Founder Links Created: +5.66%

After two weeks of upward movement together, founder and VC activity moved in opposite directions last week. Investor activity was down by 5.95% and the average time on deck increased only slightly, by 0.35%. Some investors might be out of the office on vacation, whereas others could be feeling slightly more cautious these days due to news about the spread of the Delta variant of COVID. Even taking these explanations into account, though, VC activity remains high overall, as investor pitch deck engagement is up more than 16% over this time last year. Founders, for their part, didn’t show signs of a summer lull or pandemic uncertainty last week: founder activity ticked upwards once again, increasing by 5.66%. Founder activity is now just 1.92% under its high-water mark for Q2, indicating that Q3 could get even busier on the supply side of the fundraising marketplace. Will founders stay this busy, and will investor activity increase in response? Check back next week to see how the marketplace shifted.

Updated: July 26, 2021

  • Pitch Deck Interest: +9.09%
  • Pitch Deck Interest: Time Spent: +0.36%
  • Pitch Deck Interest: Founder Links Created: +2.34%

The fundraising marketplace continued to buzz last week, as both founders and investors continue ramping up their activity in Q3. Investor activity was up 9.09% after a comparatively more modest increase the week before. VC activity is down over 17% from its all-time high in April, but when compared to previous years we can see that investors are still very hungry for new deals. As investors have gotten busier, they’re still allocating about the same amount of time to each deck: the average time on deck was almost unchanged last week (up by just 0.36%), and when we factor in the spike in activity we can see that investors are working hard but not cutting corners in deck analysis. Founder activity leveled off somewhat last week, increasing by 2.34% after the previous week’s 14%+ spike. Still, two consecutive weeks of increased activity could signal a trend, especially given the week-by-week volatility we saw in this metric in Q2. We can expect activity levels on both sides of the funding table to keep ticking upwards in the coming weeks. But will VCs become more efficient with their time as they get even busier? Check back next week to see how they managed.

Updated: July 19, 2021

  • Pitch Deck Interest: +5.96%
  • Pitch Deck Interest: Time Spent: -0.72%
  • Pitch Deck Interest: Founder Links Created: +14.54%

Updated: July 12, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -4.8%
  • Pitch Deck Interest: Time Spent: -1.08%
  • Pitch Deck Interest: Founder Links Created: -16.95%

Q2 Pitch Deck Interest Metrics 2021

Q2 2021 research and analysis shows significant, sustained growth in startup fundraising activity over the past 15 months. Founder and investor activities dropped abruptly in March 2020 only to rebound quickly in April 2020. Since then, founder pitch deck activity and investor engagement have steadily risen, increasing by 45% and 39%, respectively.

Founders also sent out pitch decks 18% faster than the pace at which investors were reviewing and engaging with those pitch decks. This indicates more founders were actively seeking funding during this time, either for a first-time startup or for an existing startup. It also suggests the supply of startups is outpacing investor demand. 

TL; DR: Not only has the fundraising market grown since the pandemic first took hold, but it’s also outperforming pre-pandemic market levels measured in 2018 and 2019.

Key Pitch Deck Metrics Stats:

  • Founder pitch deck activity increased by 45% since March 2020
  • Investor engagement increased by 39% since March 2020 and 41% year-over-year (YOY)
  • Pitch deck links created by founders actively fundraising increased by 36% YOY

Updated: July 5, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -4.58%
  • Pitch Deck Interest: Time Spent: -2.12%
  • Pitch Deck Interest: Founder Links Created: +9.26%

The last week of Q2 once again saw VC and founder activity move in opposite directions. Investor activity was down 4.58%, continuing a two-week slide into the end of the quarter. The average time investors spent on decks fell by 2.12% and now stands at 2 minutes, 46 seconds. Investors seem to have gone into the pre-holiday week with their loose ends tied up. By contrast, founder activity rose by 9.26% heading into the end of Q2. Founder activity had been quite volatile since mid-May, but founders ended the quarter on a high note: this was the second consecutive week that activity increased. Whereas investors began winding down their quarterly activity several weeks ago, founders made a two-week push to get decks out before the Fourth of July weekend. Will VC activity ramp up to begin Q3, matching this spike in founder activity? Pre-COVID, these summer months were slower for both investors and founders; last year, though, there was sustained activity throughout the summer. Since the economy continues to recover, and given all the VC money currently in the fundraising marketplace, we can expect activity on both sides of the funding table to remain healthy throughout Q3. Check back next week to see how the new quarter got started.

Updated: June 28, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -10.78%
  • Pitch Deck Interest: Time Spent: +0.72%
  • Pitch Deck Interest: Founder Links Created: +10.77%

Updated: June 21, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +1.89%
  • Pitch Deck Interest: Time Spent: -1.79%
  • Pitch Deck Interest: Founder Links Created: -8.45%

Updated: June 14, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +10%
  • Pitch Deck Interest: Time Spent: -1.42%
  • Pitch Deck Interest: Founder Links Created: +7.04%

Updated: June 7, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -4%
  • Pitch Deck Interest: Time Spent: +2.95%
  • Pitch Deck Interest: Founder Links Created: -7.87%

Activity in the fundraising marketplace slowed last week. Following the Memorial Day holiday, investor deck interactions fell by 4% and the average time VCs spent on decks ticked upwards, by 2.95%, after falling for several weeks. On the other side of the funding table, founder activity fell by 7.87% after rising by over 10% the week before. Part of this marketplace slowdown can be attributed to the after effects of the holiday: investors and founders alike may still have been in “vacation mode” and in no rush to get back to the hustle and bustle of deck sending and evaluation. However, it’s also true that VC activity has been falling steadily since its last high point in mid-April. Likewise, although founder activity has been more volatile, it too has strayed from its last high-water mark in mid-March. The marketplace remains very active overall, although this holds true more for VCs than for founders: the investor index is still sitting above its 2020 post-outbreak peak, whereas the founder index is now sitting below the three highest weeks of 2020. We’re still confident that fundraising activity will heighten as Q2 draws to a close, but will it approach the highs we saw in Q1? Check back next week to see how founders and investors positioned themselves.

Updated: May 31, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -3.48%
  • Pitch Deck Interest: Time Spent: -2.54%
  • Pitch Deck Interest: Founder Links Created: +10.63%

Investor activity slowed slightly last week, as VCs may have had one eye on the upcoming holiday weekend. Investor deck interactions fell by 3.48% and the average time spent on decks fell by 2.54%. These are fairly gentle dips, though, and we can expect investors to ramp up their activity over the next few weeks as the end of Q2 approaches. Founders, for their part, were more active before the holiday: the average number of links created rose by 10.63%, a healthy uptick after the previous week’s drop. Can we expect a similar end-of-quarter rise in activity from founders? The supply side of the fundraising marketplace has been more volatile than the demand side for much of 2021, but even with this volatility it’s likely that founders will be making a push to get decks in front of investors before the end of June. This is all the more true with so much economic optimism in the air. Check back next week to see what the post-Memorial Day marketplace looked like.

Updated: May 24, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -3%
  • Pitch Deck Interest: Time Spent: -1.09%
  • Pitch Deck Interest: Founder Links Created: -17.88%

Updated: May 17, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -2.2%
  • Pitch Deck Interest: Time Spent: -0.73%
  • Pitch Deck Interest: Founder Links Created: -3.45%

Updated: May 10, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -5.21%
  • Pitch Deck Interest: Time Spent: -3.18%
  • Pitch Deck Interest: Founder Links Created: +11.17%

Updated: May 3, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +5.88%
  • Pitch Deck Interest: Time Spent: +0.36%
  • Pitch Deck Interest: Founder Links Created: -10.14%

Updated: April 26, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -10.82%
  • Pitch Deck Interest: Time Spent: +2.96%
  • Pitch Deck Interest: Founder Links Created: -0.4%

Updated: April 19, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +7.77%
  • Pitch Deck Interest: Time Spent: -0.37%
  • Pitch Deck Interest: Founder Links Created: +22.68%

Updated: April 12, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +12.3%
  • Pitch Deck Interest: Time Spent: -2.21%
  • Pitch Deck Interest: Founder Links Created: -8.3%

Q1 Pitch Deck Interest Metrics 2021

VC demand outpaced startup pitch deck supply in the first quarter of 2021, with demand up 62% compared to Q1 2020. During the same 12-month timeframe, overall VC demand increased 53% faster than the available supply of startup pitch decks. The supply of startups seeking funding also jumped up 41% year-over-year (YOY) and 19% from the previous quarter. 

With more supply comes greater demand on VCs’ time and the average time investors spent reviewing pitch decks decreased 17% YOY in Q1, down more than 3% from the previous quarter. This indicates investors spent less time scrutinizing pitch deck information before deciding whether to meet with founders.

TL; DR: With more supply and increased VC demand, investors continued to spend less time evaluating company potential, indicating that nailing the pitch deck remains a critical capability for founders in 2021.

Key Pitch Deck Stats: 

  • Investor engagement increased by 62% compared to Q1 2020 and 53% YOY 
  • Startups seeking funding increased by 41% YOY, with pitch deck link creation for pitch decks per founder increasing from 6.25 to 8.79 in 2020 and 2021, respectively.
  • The average time investors spent reviewing pitch decks decreased by 17% YOY, down 3% from Q4 2020

Updated: April 5, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -6.32%
  • Pitch Deck Interest: Time Spent: -4.27%
  • Pitch Deck Interest: Founder Links Created: -5.58%

Updated: March 29, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -5.61%
  • Pitch Deck Interest: Time Spent: +0.36%
  • Pitch Deck Interest: Founder Links Created: -18.25%

Updated: March 22, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +3.26%
  • Pitch Deck Interest: Time Spent: -0.72%
  • Pitch Deck Interest: Founder Links Created: +10.68%

Updated: March 15, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -1.43%
  • Pitch Deck Interest: Time Spent: -3.17%
  • Pitch Deck Interest: Founder Links Created: -2.83%

Updated: March 8, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +3.7%
  • Pitch Deck Interest: Time Spent: +1.08%
  • Pitch Deck Interest: Founder Links Created: +25.15%

It’s becoming predictable that each new weekly analysis will open with an observation about how active investors have been. This week is no exception: VC activity climbed yet again last week and was up 3.7% on the week before. Investor optimism continues unabated, and even a slight 1.08% uptick in time spent on pitch decks hasn’t done much to hinder how efficiently busy VCs are moving through new decks looking for deals. Investor deck interactions are now 69.7% higher than they were a year ago at this point, right at the very start of the pandemic. The bigger story last week, however, came on the supply side of the equation: founder activity was up 25.15%, as founders seemed to respond enthusiastically to ever-increasing investor demand. After weeks of only modest increases that seemed out of step with surging VC activity, founder optimism finally broke through last week and rose to meet the tone set by investors. The marketplace is buzzing on both sides of the funding table: founders are 61.59% more active than they were last year at this time, and both VCs and founders seem confident that conditions are right for getting deals done. This optimism could be due to continued good news about COVID vaccinations or to the fact that a new economic stimulus plan seems right around the corner. Whatever the cause, it looks likely that the marketplace will remain abuzz in the coming weeks. Check back next Monday to see if this prediction holds true.

Updated: March 1, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +12.03%
  • Pitch Deck Interest: Time Spent: -2.47%
  • Pitch Deck Interest: Founder Links Created: -2.53%

Updated: February 22, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +1.26%
  • Pitch Deck Interest: Time Spent: -1.05%
  • Pitch Deck Interest: Founder Links Created: +4.70%

Updated: February 15, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -7.75%
  • Pitch Deck Interest: Time Spent: +3.31%
  • Pitch Deck Interest: Founder Links Created: -6.11%

Updated: February 8, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +7.95%
  • Pitch Deck Interest: Time Spent: +0.37%
  • Pitch Deck Interest: Founder Links Created: +15.86%

Another week, another new high for DocSend’s Investor Deck Interactions metric. The index rose slightly less last week than the week before (7.95% versus 9.13%), but there’s no denying that investors’ appetite for deals remains strong. Investors also remained quite efficient last week, as the average time they spent on pitch decks was nearly unchanged despite the continued uptick in average interactions: investors are still averaging about 2 minutes, 42 seconds per pitch deck. What’s even more remarkable about last week is that founder activity finally rose to meet investor demand: the founder activity index was up 15.86%, reaching a new high. We’ve seen founder activity increase in fits and starts since early January, but last week’s jump finally signals more clearly that founders are matching the energy of investor demand. Last year, founder activity began slowing through February, but of course this was in pre-COVID times. Nowadays, anything can happen: will we see volatility in founder activity over the next several weeks or sustained optimism on the supply side? Check back next week, as we may have a clearer picture.

Updated: February 1, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +9.13%
  • Pitch Deck Interest: Time Spent: -9.46%
  • Pitch Deck Interest: Founder Links Created: +1.33%

Updated: January 25, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +10.05%
  • Pitch Deck Interest: Time Spent: +0.34%
  • Pitch Deck Interest: Founder Links Created: -4.8%

Updated: January 18, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +17.75%
  • Pitch Deck Interest: Time Spent: +1.4%%
  • Pitch Deck Interest: Founder Links Created: +19.49%

Last week, we predicted that both investor and founder activity would follow historical trends for this time of the year and continue their upward trajectory. This is exactly what happened: the second week of January saw notable increases in investor interactions and founder links created. Investor activity was up 17.75% and founder activity up 19.49%. Once again, investors remained efficient: despite the significant increase in activity their average time spent on pitch decks only rose by 1.4%, to 2 minutes and 54 seconds per deck. Although the increases in activity follow historical patterns, the year-on-year change shows just how robust the 2021 fundraising marketplace is so far: investor interactions are up 40.14% on this time last year and founder links created are up 47.57%. The question is, though, will this buzz of activity continue? In historical terms, all signs point to “yes.” We should expect founder and investor activity to increase (though perhaps at a slightly slower pace) over the next few weeks. But as we know, in a post-pandemic world all bets are off. Next Monday we’ll see how the marketplace responded to the presidential inauguration. Will the optimism continue?

Updated: January 11, 2021

  • Pitch Deck Interest: Investor Deck Interactions: +77.15%
  • Pitch Deck Interest: Time Spent: -4.07%
  • Pitch Deck Interest: Founder Links Created: +27.55%

Q4 Pitch Deck Interest Metrics 2020

Despite ups and downs throughout a historic year, investor activity reached an all-time high in Q4 2020, increasing 21% year-over-year (YOY). Underscoring how volatile the fundraising landscape was throughout 2020, Pitch Deck Interactions (PDI) spanned the highs (early October) and lows (early March) of the year with a 54% spread. 

Key Pitch Deck Metrics Stats: 

  • Investor engagement increased 21% YOY, reaching an all-time high in early October
  • PDI spanned the high and lows of 2020 with a 54% spread
  • Links created by founders in Q4 increased 14% YOY, peaking during the week of the U.S. presidential election

Updated: January 4, 2021

  • Pitch Deck Interest: Investor Deck Interactions: -22.44%
  • Pitch Deck Interest: Time Spent: -3.95%%
  • Pitch Deck Interest: Founder Links Created: -3.53%

Updated: December 28, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -32.79%
  • Pitch Deck Interest: Time Spent: +0.33%
  • Pitch Deck Interest: Founder Links Created: -24.86%

Updated: December 21, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -2.66%
  • Pitch Deck Interest: Time Spent: +1.02%
  • Pitch Deck Interest: Founder Links Created: -7.85%

Founders surprised us last week when they increased the average number of pitch decks sent out at a time of year that historically sees a slow decline in activity. This week, however, was more in line with expectations: founder activity fell by 7.85%. Although activity remains high at this point compared to previous years (up 33% on 2019 and 44% on 2018), we anticipate that the decline will continue through the end of 2020. Investor interest continued to decline, down 2.66% from last week. As with founders, investors remain more active now than they were last year at this time: investor activity is up 18.83% on 2019 and 44% on 2018. The average time spent on pitch decks increased ever so slightly and crept back toward the 3-minute mark. Overall, while the week-on-week decline in activity by founders and investors was to be expected, the fact that activity is still significantly higher than in previous years offers encouragement heading into 2021. This sustained confidence on both sides of the fundraising marketplace allows us to hope that founders and investors will make a strong start to the new year. That said, 2020 might just have one more wrinkle in store for us: check back next week to see how the marketplace reacted to the news that Congress has agreed on a second pandemic relief bill.

Updated: December 14, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -3.59%
  • Pitch Deck Interest: Time Spent: -3.93%
  • Pitch Deck Interest: Founder Links Created: +13.43%

Last week, we suggested that fundraising activity might decline during the final few weeks of the year, as has historically been the case. This suspicion was confirmed by two of our three metrics: investor interest fell slightly by 3.59% and the average time potential investors spent on pitch decks fell by a similar amount, 3.93%. Potential investors are once again below the three-minute threshold, where they’ve been for most of the second half of 2020. Even though investor interest seems to have begun its end-of-year decline, activity is still 20.5% higher than at the same point in 2019. As we’ve seen since the spring, post-lockdown activity remains high and could signal investor confidence heading into 2021. Surprisingly, we saw a sustained increase in the number of founder links created last week. This metric rose by 13.43% on top of the post-Thanksgiving spike we saw and comes in at 35.13% higher than this time last year. The increase in founder activity may be an end-of-year rush to get pitch decks out before the holidays. But the spike could also reference founders’ optimism about an economic recovery following the encouraging news about COVID vaccine distribution beginning in the United Kingdom and United States. Will founder activity continue to buck historical trends? Check back next week for more updates.

Updated: December 7, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +21.12%
  • Pitch Deck Interest: Time Spent: +2.03%
  • Pitch Deck Interest: Founder Links Created: +10.5%

Updated: November 30, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -18.27%
  • Pitch Deck Interest: Time Spent: +1.74%
  • Pitch Deck Interest: Founder Links Created: -18.74%

Updated: November 23, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -4.37%
  • Pitch Deck Interest: Time Spent: +1.79%
  • Pitch Deck Interest: Founder Links Created: +3.39%

Updated: November 16, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +0.49%
  • Pitch Deck Interest: Time Spent: -5.78%
  • Pitch Deck Interest: Founder Links Created: -11.93%

Updated: November 9, 2020

  • Pitch Deck Interest: Investor Deck Interactions: 0% Change
  • Pitch Deck Interest: Time Spent: +2.92%
  • Pitch Deck Interest: Founder Links Created: +16.07%

Last week was an important one for US elections and it was up in the air as to how the fundraising marketplace would perform. DocSend’s CEO, Russ Heddleston, shares how the Pitch Deck Interest metrics performed throughout the week, as quoted in Protocol’s Pipeline newsletter. “On Monday and Tuesday, pitch deck interest fell fractionally, and on Wednesday we saw a big dip likely fueled by election uncertainty,” he said. With the full week’s results in, let’s dig into what happened.

Updated: November 2, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +1.99%
  • Pitch Deck Interest: Time Spent: -2.77%
  • Pitch Deck Interest: Founder Links Created: +3.29%

Updated: October 26, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -3.37%
  • Pitch Deck Interest: Time Spent: +5.11%
  • Pitch Deck Interest: Founder Links Created: -3.85%

Updated: October 18, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -6.31%
  • Pitch Deck Interest: Time Spent: -1.81%
  • Pitch Deck Interest: Founder Links Created: -8.9%

Updated: October 12, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +22.65%
  • Pitch Deck Interest: Time Spent: -4.2%
  • Pitch Deck Interest: Founder Links Created: +21.28%

Last week, we released our Q3 Pitch Deck Interest metrics analysis, where we highlighted the record-breaking summer and offered our predictions for early 2021.

Q3 Pitch Deck Interest Metrics 2020

Key Pitch Deck Metrics Stats: 

  • Investor engagement increased 40% YOY and up 28.2% compared to Q3 2018
  • Investors spent an average of two minutes and 51 seconds per pitch deck, lower than both 2019 and 2018 third-quarters
  • Pitch deck links created by founders in Q3 increased by 18.3% YOY and 51.3% over Q3 2018
  • VC interest declined by 6% over week 37, a time period that historically kicks off the fall rush

Updated: October 5, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -3.21%
  • Pitch Deck Interest: Time Spent: -3.42%
  • Pitch Deck Interest: Founder Links Created: +3.54%

Updated: September 28, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -1.06%
  • Pitch Deck Interest: Time Spent: +3.58%
  • Pitch Deck Interest: Links Created: -2.99%

Updated: September 21, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +8%
  • Pitch Deck Interest: Time Spent: -2.46%
  • Pitch Deck Interest: Links Created: 0%

Updated: September 14, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -6.42%
  • Pitch Deck Interest: Time Spent: -1.06%
  • Pitch Deck Interest: Links Created: +4.21%

If you’re raising your Seed round or investing, RSVP to our webinar on Thursday with DocSend’s CEO, Russ Heddleston, where he’ll share new data and actionable insights on what it takes to raise Seed funding: Register and get our new report here.

Updated: September 7, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -4.59%
  • Pitch Deck Interest: Time Spent: -5.07%
  • Pitch Deck Interest: Links Created: -4.46%

Updated: August 31, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -3.45%
  • Pitch Deck Interest: Time Spent: +5.4%
  • Pitch Deck Interest: Links Created: -10.52%

Investor interest in pitch decks remains high this quarter despite a slight drop last week. The trend line for investor interest has been gradually increasing over the past few weeks and, notably, last week’s interest number is up +54.33% compared to the same week in 2019.

Updated: August 24, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +5.18%
  • Pitch Deck Interest: Time Spent: -2.83%
  • Pitch Deck Interest: Links Created: -11.75%

Updated: August 17, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -4.45%
  • Pitch Deck Interest: Time Spent: +0.35%
  • Pitch Deck Interest: Links Created: +26.26%

Updated: August 10, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +6.31%
  • Pitch Deck Interest: Time Spent: -3.45%
  • Pitch Deck Interest: Links Created: -13.81%

Updated: August 3, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -7.32%
  • Pitch Deck Interest: Time Spent: +0.69%
  • Pitch Deck Interest: Links Created: +0.64%

Updated: July 27, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +9.04%
  • Pitch Deck Interest: Time Spent: -4.69%
  • Pitch Deck Interest: Links Created: +16.14%

Updated: July 20, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -12.77%
  • Pitch Deck Interest: Time Spent: +9.76%
  • Pitch Deck Interest: Links Created: +0.15%

While we’re seeing a small correction in the amount of VC interest, we’re still seeing more interest than this week in both 2019 and 2018. This correction can also be seen in the rebound in time spent per deck. We’re still below three minutes, which means VCs are still reviewing deals at pace, but this rebound might mean a settling of the fundraising marketplace for the summer. But based on the amount of activity from founders we don’t expect VC interest to drop much, as we’re also still experiencing higher than normal founder activity. As summer is traditionally slow, this could be what slow looks like for the next few months.

Updated: July 13, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +8.41%
  • Pitch Deck Interest: Time Spent: -11.37%
  • Pitch Deck Interest: Links Created: +3.05%

Q2 Pitch Deck Interest Metrics 2020

Although VC attention in Q1 focused on existing portfolio companies, market analysis indicated investors spent more time on new opportunities in Q2, with Pitch Deck Interest (PDI) increasing by 26%. Peaking during the week of June 15, 2020 with 20.6 interactions per pitch deck, the top 10 weeks of investor interest for the year were all in the second quarter.

TL; DR: Startups with the right business models and market opportunities are being met with open arms by investors who are again becoming eager to source deals.

Key Pitch Deck Metrics Stats:  

  • PDI increased by 26% in Q2 2020, compared to 2019
  • The top 10 weeks for investor interest in 2020 were all in Q2
  • Founder pitch deck link creation increased by 11% YOY, 3% higher than in Q1 2020

Updated: July 6, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +3.46%
  • Pitch Deck Interest: Time Spent: -3.08%
  • Pitch Deck Interest: Links Created: -2.36%

Traditionally this week in fundraising marks the steep descent in interest during the summer months. With VCs officially coming back online in September. However, as we’ve seen this year is anything but traditional. We think it’s safe to say that this is no longer just displaced interest from the steep drop earlier this year. The shift in the world economy plus all of the issues the pandemic has wrought has opened up new interest from VCs. Some of the biggest companies in the world today were borne out of the last financial crisis. It’s clear that new companies are being created to address the current problems society is facing, and VCs are ready and willing to invest.

Updated: June 29, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -8.7%
  • Pitch Deck Interest: Time Spent: +1.3%
  • Pitch Deck Interest: Links Created: +4.2%

While VC interest dropped from its record high last week, it’s still 10.5% above this week in 2018 and 33.3% above this week in 2019. We could finally be seeing the summer slowdown, but it looks like founders are becoming more active, so we’ll likely see sustained VC interest unless we reach a point where the fundraising market has stabilized. Another metric that leads us to believe that things are settling down is the amount of time spent per deck. It’s slowly creeping back up. The average is typically 3.5 minutes, but we’ve seen VCs rushing to get through decks recently as they actively look for deals.

Updated: June 22, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +3.5%
  • Pitch Deck Interest: Time Spent: +1.6%
  • Pitch Deck Interest: Links Created: -4.0%

Updated: June 15, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +4.1%
  • Pitch Deck Interest: Time Spent: -3.2%
  • Pitch Deck Interest: Links Created: -14.3%

Updated: June 8, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +4.3%
  • Pitch Deck Interest: Time Spent: -2.2%
  • Pitch Deck Interest: Links Created: +19.2%

Updated: June 1, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -5.6%
  • Pitch Deck Interest: Time Spent: -0.6%
  • Pitch Deck Interest: Links Created: +6.7%

While VC interest seems to have declined a bit, we’re still seeing a lot of activity from founders. It looks like the decline in the fundraising marketplace earlier this year is going to drive an unseasonably active summer. The amount of time VCs are spending per deck is still declining, meaning that they’re actively looking at each deal, they’re just not spending too much time pouring over the details. Remember, the goal of your pitch deck is to get you the meeting. Don’t put every detail about your business in the deck, put just enough to get you in the (Zoom) room.

Updated: May 26, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +2.6%
  • Pitch Deck Interest: Time Spent: -0.6%
  • Pitch Deck Interest: Links Created: -14.3%

Updated: May 18, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -1.5%
  • Pitch Deck Interest: Time Spent: -1.9%
  • Pitch Deck Interest: Links Created: +8.2%

Updated: May 11, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +8.4%
  • Pitch Deck Interest: Time Spent: -4%
  • Pitch Deck Interest: Links Created: +5.5%

Updated: May 4, 2020

  • Pitch Deck Interest: Investor Deck Interactions: -10%
  • Pitch Deck Interest: Time Spent: -5%
  • Pitch Deck Interest: Links Created: +1%

While interest came down again last week, it’s still historically high. Overall interest is up 10% YoY and it looks likely to maintain that bump is founders remain active. And while they didn’t bounce back much this week, and an increase of 1% will likely lead to a small resurgence of VC interest next week. What’s interesting is that the amount of time VCs are spending on decks is down 5%. As shelter-in-place orders are lifted and people begin to get out of their houses, we could see a change in this number.

Updated: April 27, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +14%
  • Pitch Deck Interest: Time Spent: -1%
  • Pitch Deck Interest: Links Created: -11%

Updated: April 20, 2020

  • Pitch Deck Interest: Investor Deck Interactions: Flat
  • Pitch Deck Interest: Time Spent: -3%
  • Pitch Deck Interest: Links Created: +17%

Updated: April 13, 2020

  • Pitch Deck Interest: Investor Deck Interactions: +3.5%
  • Pitch Deck Interest: Time Spent: +3%
  • Pitch Deck Interest: Links Created: -7.6%

We’ve had another week showing increasing investor interest. This was paired with founders sending out fewer decks and investors spending slightly more time per deck. These conditions are very good for founders looking to send out a pitch deck. Investors are showing interest, and they’re spending more time per deck. We recommend adding a slide to your deck that shows how you expect COVID-19 to impact your business and market opportunity over the coming 12-18 months.

Q1 Pitch Deck Interest Metrics 2020

TL; DR: Pandemic lockdowns swiftly eliminated early market gains in 2020. With offices remaining closed for the foreseeable, virtual engagement between founders and VCs, along with market uncertainty, is going to be the new normal.

Key Pitch Deck Metrics Stats

  • Pitch deck link creation per founder peaked in January, marking a 41% YOY increase
  • PDI and pitch deck link creation declined over 20% and 21%, respectively, from their 2020 heights in February 2020
  • By the second half of March, PDI rebounded to just 5% down YOY 
  • The top four worst days for PDI, in order, for Q1 2020 were: March 19, 6, 12, and 20

Updated: April 6, 2020

Investor interest is increasing, but the amount of decks being sent has not yet risen to match. If you need to fundraise now might be the right time to take advantage of a less crowded market.

It also tracks that investors are spending slightly less time reviewing deals than normal. The added complication of working from home, plus spending more time with their current portfolio, means many VCs will have less hours in the day to review decks for new business deals. As things become more settled over the next few weeks, these numbers may start to stabilize. But for now, decks are being sent, VCs are reviewing more decks, and they’re doing it quickly.

Updated: March 30, 2020

This week saw a 10% increase in pitch deck interest from the week before and we’re just 5% down YoY.

While many investors have reported spending more time with their portfolio companies, it looks like the lack of events and meetings has given them plenty of time to still peruse pitch decks. VCs are approaching investing in multiple different ways. Many still have large funds that need to be deployed, while others are taking time to look at deals, but not necessarily pulling the trigger right away. If you’re a founder who’s looking for funding in the next few quarters, now might be the perfect time to get your pitch deck in front of potential investors.

Updated: March 23, 2020

Despite the current crisis, pitch deck interest only dropped 11% YoY over the course of the week.

With the announcement that all non-essential businesses in California will remain closed for the foreseeable future, it’s not a surprise that pitch deck interest dipped over the course of last week. Many VCs are looking at new ways to meet with founders, with many already taking meetings via Zoom. We also must note that many of the usual ways that VCs receive deck (warm intros from portfolio companies, meetings at events) are no longer happening due to the current restrictions. That means VCs are not only spending time on internal alignment in how best to move forward, they are also facing a limited pipeline. But both Axios and TechCrunch are reporting that many VCs are still actively seeking deals. Their funds have already been raised and they still very much plan to deploy them.