新創公司募資簡報指標

募資簡報興趣 (PDI) 指標

DocSend 的募資簡報興趣指標可用於估量創辦人和投資者在募資市場中的活動，每週都能追蹤相關人士如何在我們的平台上共享和查看提募資簡報。

我們將募資簡報活動劃分為三項指標：

• 投資者檢視的募資簡報數量
• 投資者閱讀簡報所花費的時間
• 創辦人所傳送的募資簡報數量

根據這些指標，我們可以使用供需模型評估募資市場中的活動。我們將創辦人的活動視作供應方，並將投資者的活動視作需求方。

我們為下列各指標建立了互動式圖表，並針對各指標在當前募資局勢下的意義提供每週分析。

PDI 指標 1：投資者簡報互動

這項募資簡報興趣指標會顯示潛在投資者如何與簡報互動，藉此追蹤市場中的創投公司活動。重點會放在每位創辦人目前於平台上產生的募資簡報互動的平均次數，該指標會衡量投資者對於新創公司交易的需求強度。

PDI 指標 2：投資者花費的時間

這項指標用於衡量潛在投資者花在每份募資簡報上的平均時間，可據此瞭解創投公司花費多長的時間審視交易。隨著投資者日漸忙碌，願意投注的時間也傾向減少。

PDI Put Into Action: Q3 2023

當前季度的每週最新資訊

*於每週一更新上週分析資訊

Updated: October 2, 2023

Pitch Deck Interest: -7%
Pitch Deck Interest: Time Spent: -4%
Pitch Deck Interest: Founder Links Created: +1.77%

Founders and investors moved in opposite directions last week as fall fundraising activity remains higher than last year. VC activity fell by 7% and the average time on deck fell by 4%. This drop in activity isn’t especially worrisome: for one thing, it follows a month of sustained year-over-year increases, and for another, it shows 2023 fall activity hewing very closely to that of 2021, when the market was much hotter. By contrast, founder activity increased by 1.77% last week and is up 16% year-over-year. Founders certainly seem to be feeling the urgency to complete raises by the end of the year, and if VC activity continues to follow 2021 trends we can expect another spike in investor interest over the next few weeks. Check back next week to see how the start of Q4 affected the fundraising marketplace.

Updated: September 25, 2023

Pitch Deck Interest: +6.64%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: +7.62%

Fundraising activity rose on both sides of the dealmaking table last week, as investors finally joined founders in the fall fundraising season. VC activity rose by 6.64% and the average time on deck was unchanged at 2 minutes, 30 seconds. Investor activity is down just 1.5% from this time in 2021–this is an encouraging sign as the 2021 macro climate was far more optimistic overall. Founders picked up their early-fall pace even more last week: founder activity was up by 7.62% and is now outpacing both 2022 and 2021. Last week’s Fed meeting indicated that interest rates will be kept higher for longer; will this temper the investor optimism we’re now seeing or will the fall rush continue to pick up speed? Check back next week to see how the market responded to the news.

Updated: September 18, 2023

Pitch Deck Interest: -3.21%
Pitch Deck Interest: Time Spent: +4.17%
Pitch Deck Interest: Founder Links Created: +17.98%

The fall rush seemed to get underway for founders last week, whereas VCs may be taking their time reviewing new decks. VC activity fell by 3.21% and the average deck review time rose by 4.17%, sitting now at 2 minutes, 30 seconds. Based on historical trends, we might have expected an increase, not a decrease in investor deck engagement last week as the fall fundraising season begins. However, it’s important to contextualize this unseasonal dip: fall fundraising is just beginning and VC activity is currently up 8% year-over-year. We’ll need a fuller picture before predicting how active investors are likely to be this season. By contrast, founder activity was up a healthy 17.98% and sits right in line with 2022 and 2021 levels. Founders seem optimistic about the potential for funding before the end of 2023, but will VC deck engagement rise to meet founder enthusiasm? Check back next week for a clearer outlook.

Updated: September 12, 2023

Pitch Deck Interest: -7.09%
Pitch Deck Interest: Time Spent: -11.11%
Pitch Deck Interest: Founder Links Created: -5.32%

Founder and investor activity both dropped last week, as was expected following the Labor Day holiday. VC activity dipped by 7.09% and the average time on deck fell by 11.11% after spiking the week prior. Investor activity is up by 4% over the same time in 2021 (a much hotter market overall), suggesting that the upcoming “fall rush” may be a bit more active than anticipated. Founder activity fell, as well, last week: it slid by 5.32% as was expected for the season. With encouraging data about the labor market and inflation coming in, founders and investors may be more optimistic about post-summer fundraising than we initially thought. Check back next week to see if activity begins ramping up for the mid-/late-September rush.

Updated: August 29, 2023

Pitch Deck Interest: +5.88%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: 0% (no change)

Investors grew busier while founders held steady last week. VC activity rose by 5.88% and the average time on deck was unchanged. Investors may be quickening their pace before the Labor Day holiday in the US, which typically sees reduced VC activity for the entire week. Founder activity was also unchanged last week and activity levels are 10% higher year-over-year. Despite this gap, we expect founder activity to drop over the next two weeks–this end-of-summer period is historically slow for pitch deck submissions, which tend to pick up again around mid-September. Investor activity is likely to dip, as well, as both sides of the dealmaking table gear up for the fall rush in several weeks’ time. Check back next week for the latest read on VC/founder activity, but expect a relatively quiet fundraising marketplace.

Updated: August 21, 2023

Pitch Deck Interest: +1.84%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: -2.97%

Founders and investors moved in opposite directions last week in another week of seasonally-expected fundraising activity. VC activity crept upwards by 1.84% and the average time on deck held steady. We’ve seen modest-to-moderate upticks in investor activity at this time for the past several years, so last week’s increase was appropriate. Activity levels still lag from a year-over-year perspective, with VC activity down about 4% from this time last year. Founder activity fell by 2.97% last week in another seasonally-expected move. Unlike investors, though, founders remain more active than in 2022: their activity levels are up 14% compared to this time last year. Given the seasonality in fundraising, we expect these trends to hold for the rest of the summer: VC activity may rise only slightly and founder activity should dip a bit further before the fall rush begins.

Updated: August 14, 2023

Pitch Deck Interest: +1.88%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: -4.72%

Last week was relatively light for founders and investors, and both sides of the dealmaking table are now right in line with 2022’s pace. VC activity rose by 1.88% and the average time on deck remained stable at two minutes, 30 seconds. Despite all the volatility we’ve seen in the macro landscape this summer, investor activity is down by just over 1% compared to last year. Founders were slightly less busy last week: their activity levels fell by 4.72% and now sit just 2% higher than this time last year. Given this parity, we expect both founders and investors to hew closely to seasonal trends through the rest of the summer and early fall. Although the fall rush will happen as always around late-September, it may nonetheless be slightly muted when compared to years past.

Updated: August 8, 2023

Pitch Deck Interest: -4.05%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: +8.16%

Founders and investors moved in opposite directions last week amid public-market volatility following the US credit downgrading. Investor activity continued its slide, falling by 4.05% while the average time on deck remained the same. Although VC activity is approaching 2020 levels, investors’ behavioral patterns remain enough like 2021 and 2022 to suggest they won’t drop below this crucial threshold. Founders, by contrast, were more active last week: founder activity rose by 8.16% and is right in line with 2022 levels. Investors seem likely to stick to their current pacing for the next several weeks (barring any macro events), but we expect some more volatility on the founder side of the dealmaking table. A clearer picture for the rest of the summer should emerge next week.

Updated: July 31, 2023

Pitch Deck Interest: -2.2%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: -4.85%

Founders and investors both pumped the brakes last week as startup fundraising activity hit seasonally-appropriate levels. VC activity fell by 2.2% with the time on deck remaining unchanged. Although investor activity is down about 7% year-over-year, the seasonal activity patterns match those of 2021 and 2022. Founder activity fell again last week, by 4.85%, and now stands right in line with both 2021 and 2022 activity levels. In an unpredictable year, this relative stability is actually reassuring: even though VCs are less active than they have been in the recent past, their behavior patterns allow us to look ahead to a potential seasonal uptick in deal-making interest in the fall, as usual. This may not be the “fall frenzy” of previous years, but it should be a healthy jump in activity compared to the summer lull. Check back next week to see if the latest data prompts us to stick with this forecast.

Updated: July 25, 2023

Pitch Deck Interest: -6.97%
Pitch Deck Interest: Time Spent: +4.17%
Pitch Deck Interest: Founder Links Created: -11.21%

Founder and investor activity both dipped last week despite another strong week in the public equities markets, signaling that we are indeed in the seasonal slowdown for startup fundraising. VC activity fell by 6.97% and the average time on deck rose by 4.17%. Last week is historically one that sees lighter investor activity, so these moves were to be expected. Founder activity fell a bit further: founders sent out 11.21% fewer pitch decks on average following three weeks of unexpectedly intense activity. As it stands currently, founder activity is right in line with 2022 levels whereas VC activity is down just over 9%. Based on historical seasonal trends, we don’t expect VC activity to heat up much over the next several weeks, and founders may trend a bit lower, as well. However, there have been bouts of volatility this year, so check back next week to see if founders and investors have any surprises for us.

Updated: July 18, 2023

Pitch Deck Interest: +22.61%
Pitch Deck Interest: Time Spent: -4%
Pitch Deck Interest: Founder Links Created: +0% (no change)

Investors picked up their pace last week while founders kept to theirs. VC activity rose by a healthy 22.61% in a burst of activity that matches a similar one from the same week last year. With this surge of activity the average time on deck fell by 4%. The second week of July is historically an active week for investors, as many of them who take time off for the July 4th holiday return to their desks. Beyond seasonal trends, though, news of slowing inflation may have buoyed private-market investor confidence just as it caused a swell of optimism in the public markets. Founder activity was unchanged last week and remains above 2022 levels. With Q2 earnings season upon us and reappraisals of the macro environment following in the wake of the positive CPI data, will startup fundraising keep to this pace? Check back next week for a fuller picture.

Updated: July 10, 2023

Pitch Deck Interest: -7.44%
Pitch Deck Interest: Time Spent: +4.17%
Pitch Deck Interest: Founder Links Created: +0.87%

Investor activity continued to trend downwards last week whereas founder activity held steady. VC activity was down 7.44% and the average time on deck rose by 4.17%, now sitting at 2 minutes, 30 seconds. Of special interest here is the fact that investor activity is coming closer to crossing below 2020 levels, which has happened only once since the start of 2021. This will be a metric to keep an eye on in the coming weeks, as investor activity may slow even further due to the summer recess. By contrast, founder activity remained comparably high last week: this metric crept upwards by 0.87% and, unlike investor activity, is outpacing previous years by a fair margin. With new inflation data due out this week, will we see a positive response from VCs if price pressures are shown to be easing as suspected? Check back next week to find out.

先前季度的每週分析

Q2 Pitch Deck Interest Metrics 2023

Updated: June 26, 2023

Pitch Deck Interest: -11.84%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: -7.22%

Founder and investor activity both dropped last week, signaling that an end-of-quarter fundraising rush may already have taken place. VC activity dropped by 11.84%, although the time on deck was unchanged. Historically, investor activity usually drops around this time, so last week’s fall was to be expected. Even though the timing of this drop was historically normal, the ongoing slowdown in investor demand for deals has pushed activity levels to lows we haven’t seen since January. Although there may be some short-term volatility ahead, we don’t expect investor demand to increase substantially until the fall. Founders were also less active last week: founder activity fell by 7.22% in a second consecutive week of declines. The timing of this drop suggests that founders are aware of the summer lull in investor activity and have slowed their pitching accordingly. Will fundraising activity continue to peter out during the last week of Q2? Check back next week to see how the quarter ended.

Updated: June 20, 2023

Pitch Deck Interest: +9.87%
Pitch Deck Interest: Time Spent: -4%
Pitch Deck Interest: Founder Links Created: -13.39%

Founders and investors moved in opposite directions last week before the Juneteenth holiday weekend. Investor activity rose by 9.87%, likely fueled by the rally in public equities markets and an end-of-quarter rush to review pitch decks before the seasonal summer lull kicks in. VC activity is right in line with last year’s levels. The average time on deck fell by 4% and now stands at 2 minutes, 24 seconds. Founder activity dropped by 13.39% following several weeks of unexpected spikes. Founders may have gotten their end-of-quarter rush out of the way, knowing that investors may spend the rest of Q2 looking for a few final deals to make. Will these trends continue through the end of the quarter? Check back next week to find out.

Updated: June 12, 2023

Pitch Deck Interest: +2.29%
Pitch Deck Interest: Time Spent: -4%
Pitch Deck Interest: Founder Links Created: +9.8%

Founder and VC activity both ticked upwards last week amid ongoing enthusiasm in the public equities markets. Investors were only slightly busier, though: VC activity levels rose by 2.29% but still trail behind 2022 levels from a year-over-year perspective. Founder activity jumped by 9.8% and continues to outpace 2022 levels, suggesting that the climate will remain investor-friendly over the short and even medium term. Although public equities markets reached yearly highs last week, the release of new inflation data this week alongside the Fed’s decision on interest rates may likely do more to set the tone for startup fundraising over the summer. Check back next week to see how the private markets react to the data and interest-rate news.

Updated: June 5, 2023

Pitch Deck Interest: -6.03%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: -20.93%

Founder and investor activity both fell last week, suggesting that the slower summer season may be upon us. VC activity dropped by 6.03% and the average time on deck was unchanged. Activity levels for investors continue to fall behind those of previous years: VC activity is down 9% compared to this time last year and 6% compared to the same time in 2021. The same cannot be said, however, of founder activity: this metric fell by 20.93% last week, but a drop like this was to be expected after the sudden spike the week prior. Regardless, founder activity is right in line with 2022 levels and is up 27% over 2021 levels. If the summer lull has indeed begun for investors, then the discrepancies in founder/VC activity levels suggest that founders will have a tough time raising in Q3. Check back next week to see if investors pick up the pace a bit as Q2 begins to draw to a close.

Updated: May 30, 2023

Pitch Deck Interest: +6.14%
Pitch Deck Interest: Time Spent: -4.17%
Pitch Deck Interest: Founder Links Created: +45.83%

Last week saw investors increase their activity levels slightly and founders increase theirs appreciably. VC activity was up by 6.14%, bringing investor demand for deals right in line with 2022 levels from a year-over-year perspective. To go back slightly further, VC activity is down just 3% from 2021 levels. The average time on deck fell by 4.17% and currently sits at 2 minutes, 18 seconds. Whereas VCs are holding steady compared to previous years, founder activity rose by a surprising amount last week: founder activity rose by 45.83% to a pace we haven’t seen since February of this year. An unexpectedly busy pre-Memorial Day rush might partly account for this sudden spike. More broadly, though, the holiday weekend may kick off a summer fundraising season that we predict will be a bit slower than those of previous years, at least from a VC point of view. Investor activity has been “slow and steady” all year so far, and VCs may opt to keep to their current pace (or even slow it down) over the summer while waiting for clarity on the macro environment. If founders have been receiving signals to this effect, they may be rushing to get decks reviewed before any prolonged summer lull this year. Check back next week to see if founder activity subsides a bit following the holiday.

Updated: May 22, 2023

Pitch Deck Interest: -10.94%
Pitch Deck Interest: Time Spent: -4.17%
Pitch Deck Interest: Founder Links Created: +7.87%

Just like the week prior, founders and investors moved in opposite directions last week. However, the directions in which they moved changed. VC activity fell by 10.94% last week and the average time on deck fell by 4.17%. Investor interest in deals has more or less kept pace with 2022 activity levels for much of Q2, but it’s now down 6.5% year-over-year. This trend may continue for the next few weeks as debt-ceiling talks and concerns over future Fed interest rate hikes occupy headline space in the news. Founder activity was undeterred last week, though, rising by 7.87% after a sharp fall the week before. Founder fundraising activity is right in line with 2022 levels, but this may be less of a signal of optimism in the market than more short-term concerns about raising funds quickly amid predictions of a coming recession. Check back next week to see if VCs end up picking up their pace or if founders slow theirs.

Updated: May 15, 2023

Pitch Deck Interest: +3.64%
Pitch Deck Interest: Time Spent: -4.17%
Pitch Deck Interest: Founder Links Created: -13.59%

Last week, founder and investor activity moved in opposite directions for the first time this quarter. VC activity rose by 3.64% and the average time on deck fell by 4.17% to hit 2 minutes, 18 seconds. From a year-over-year perspective, investor activity is 3.6% higher than this time last year. Founder activity fell last week following the prior week’s 25% rise: it dropped by 13.59% and is down 4.3% year-over-year. News of easing inflation in April may have sparked some optimism among investors in the private marketplace, but negotiations over the debt ceiling may trigger volatility in the startup fundraising space for the next several weeks. Check back next week to see how the private markets digest any news.

Updated: May 8, 2023

Pitch Deck Interest: +2.92%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: +25.61%

Fundraising activity rose across the board last week, with founders bouncing back after what has become a traditional late-April pause. Investors were slightly more active last week: VC activity rose by 2.92% and the average time on deck was unchanged at 2 minutes, 24 seconds. This uptick means investor activity is currently down 2.4% year-over-year. Founders, for their part, are exactly in line with 2022 activity levels after last week’s burst of activity. Founder activity rose by 25.61% after falling by more than 15% the week prior. Although the last several years have seen a late-April lull, they’ve also seen an early-May bump, so a rise like this was not unexpected. Even with this context, however, founders may be buoyed by the Fed hinting that interest-rate hikes may be done for the time being. We predict that founder and investor activity will continue at pace over the short term. Check back next week to see whether this week’s inflation data impacts the private fundraising space.

Updated: May 1, 2023

Pitch Deck Interest: -4.76%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: -15.46%

Founder and investor activity both fell last week, suggesting that an early-Q2 fundraising push may be ending for now. VC activity fell by 4.76% last week and the average time on deck was unchanged. Founder activity fell by much more, however: it dropped by 15.46%, sitting now at 6% below 2022 levels and 8% below 2021 levels. Historical context puts last week’s drops into perspective. Both founder and investor activity tend to fall around the second or third week of April, indicating that both sides of the dealmaking table take a breather before picking up their pace later in the spring. How much that pace picks up may depend on macro factors like interest rates and jobs report data, so check back next week to see how these factors may impact fundraising in the short term.

Updated: April 24, 2023

Pitch Deck Interest: +7.69%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: +6.39%

Founder and investor activity both moved upwards last week, following a comparatively slow start to Q2. Investor activity rose by 7.69% and the average time on deck was unchanged, remaining at 2 minutes, 24 seconds. Founder activity increased by 6.39% after two weeks of declines to kick off the quarter. Last week’s rise in fundraising activity was to be expected: historically, founders and investors take a bit of a break at the end of Q1 and begin thinking about fundraising deals again around mid-April. Will this uptick in activity be sustainable through the rest of the quarter? Questions about the labor market and potentially cooling economic activity later in the year may weigh on founders’ and investors’ minds, meaning fundraising may go on the back burner. Check back next week to see whether any potential headwinds appear more clearly on the horizon.

Updated: April 17, 2023

Pitch Deck Interest: -2.09%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: -6.19%

Founder and investor activity fell again last week, as the beginning of Q2 sees a slowdown in fundraising activity compared to the end of Q1. Investor activity dipped by 2.09% and the average time on deck remained unchanged, at 2 minutes, 24 seconds. Founder activity fell by slightly more, dropping by 6.19% after falling by nearly 4% the week prior. These recent dips are unlikely to be reflections of macro trends, as positive inflation news came out last week, signaling that the Fed may slow its succession of rate hikes sooner than feared. The slowdown we’ve seen over the past few weeks is more likely to indicate that founders are focusing on solidifying their businesses rather than on fundraising. VCs, aware of these priorities, are stepping back slightly in response. Will founders turn their attention back to fundraising in the short-term? Check back next week to see whether they pick up the pace.

Updated: April 10, 2023

Pitch Deck Interest: -9.13%
Pitch Deck Interest: Time Spent: +4.35%
Pitch Deck Interest: Founder Links Created: -3.96%

Founder and investor activity both fell last week to begin Q2 after the previous week’s end-of-quarter rush. Investor activity dropped by 9.13% and the average time on deck rose by 4.35%–as VCs grew less busy, they didn’t race through decks as quickly as the week before. Founder activity fell less sharply, dipping by 3.96% after a steady rise in activity levels to end Q1. Short-term drops in fundraising activity at the start of Q2 are historically normal, so last week’s drops don’t necessarily reflect macro pressures. However, it will be worth keeping an eye on the latest jobs report’s impact on the public markets, as any volatility may eventually make its way into the private fundraising space. Check back next week to see if this influence is already making itself felt.

Q1 Pitch Deck Interest Metrics 2023

Updated: April 3, 2023

Pitch Deck Interest: +9.13%
Pitch Deck Interest: Time Spent: -4.17%
Pitch Deck Interest: Founder Links Created: +6.32%

VC and founder activity both rose last week to close out Q1 with forward momentum. Investor activity ticked upwards by a healthy 9.13%, ending the quarter in line with 2022’s pace and 4% above 2021’s pace. Given the macro volatility we saw throughout Q1, this end-of-quarter figure is a sign of ongoing resilience in the demand for deals. The average time on deck fell by 4.17% with this burst in VC activity and now sits at 2 minutes, 18 seconds. Founder activity rose by 6.32% last week, also ending Q1 right in line with 2022’s pace. However, founders are even more active now compared to 2021: founder activity is nearly 15% higher now than it was at this time in 2021. Since investor demand for decks hasn’t risen by quite as much, founders should be aware that competition for VC attention is still keen. They’ll need to sharpen their storytelling to stand out from the crowd. Check back next week to see if this momentum carried through to the start of Q2.

Updated: March 27, 2023

Pitch Deck Interest: +0.42%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: +5.56%

Founder and VC activity both moved slightly upwards last week, signaling continued resilience in the startup fundraising marketplace. Investor activity rose by 0.42% and the average time on deck remained unchanged at 2 minutes, 24 seconds. Although investor activity is currently down compared to 2022 and 2021, the fact that it has held steady during a very volatile March is an encouraging sign. Founder activity rose by 5.56% and is currently right in line with 2022 and 2021. The fact that both founder and investor activity have not shown lingering impacts from the SVB collapse and public-market volatility suggests that there’s still broad confidence in getting funding deals across the line in a challenging macro environment. Although we may be in for more near-term volatility in the public equities markets, we predict that founders and investors are prepared to ride out the stormy weather–at least for the time being.

Updated: March 20, 2023

Pitch Deck Interest: -3.23%
Pitch Deck Interest: Time Spent: 0% (no change)
Pitch Deck Interest: Founder Links Created: -1.1%

Founder and investor activity levels both fell last week, but not by nearly as much as might have been feared after the SVB collapse. VC activity ticked lower by 3.23% and the average time on deck remained unchanged at 2 minutes, 24 seconds. Pitch deck interactions are down 7% from this time last year. Founder activity fell by even less than investor activity last week: it dropped by just 1.1% and is down 4.25% year-over-year. The SVB collapse and continued pressure on the global banking sector may be weighing on both investors and founders, but the fact that activity in the fundraising marketplace didn’t fall by as much as we might have expected could signal optimism in the startup community about the SVB fallout not morphing into a severe structural problem. Check in with us next week to see whether this optimism holds steady.

Updated: March 13, 2023

Pitch Deck Interest: -13.29%
Pitch Deck Interest: Time Spent: -7.69%
Pitch Deck Interest: Founder Links Created: -9%

All three Pitch Deck Interest Metrics fell last week amid mixed signals from the February jobs report and renewed concerns about inflation and extended rate hikes. VC activity dropped by 13.29% and the average time on deck fell by 7.69%. Founder activity fell for the third week in a row, dipping by 9% after briefly outpacing 2021 and 2022 from a year-over-year perspective. We expect the impact on investor and founder sentiment from the SVB collapse to begin to show up in our metrics starting next week. If the fallout is contained, fundraising activity may not be hit overly hard. However, if we see significant spillover across banking and tech then the collapse could well trigger a period of more sustained private-market pessimism. Check back next week to see how founders and investors began processing these events in their deal-making.

更新日期：2023 年 3 月 6 日

募資簡報興趣：+10.43%
募資簡報興趣：花費時間：+4.17%
募資簡報興趣：創辦人連結建立數量：-13.79%

創辦人和投資者發展於上週呈現不同走向。創投公司活動增加 10.43%，目前與去年同期相比增長 7.5%，這是 2023 年的投資者活動首次超越 2022 年的活動程度。隨著此增長趨勢，檢視簡報的平均時間微幅上升：上週提升 4.17%，目前維持在 2 分 30 秒。自 1 月底以來，創辦人活動持續走強，本週則減少 13.79%。然而，即便呈現下跌，創辦人活動仍與 2022 年和 2021 年維持相同水平。儘管創辦人活動在第一季度末之前可能不會回升，但綜觀上週指標變化，即使近期面臨公開市場波動，仍表現出持續的樂觀情緒。請繼續關注下週發展，瞭解市場情緒 (尤其是投資者情緒) 是否仍相對高漲。

更新日期：2023 年 2 月 27 日

募資簡報興趣：+5.71%
募資簡報興趣：花費時間：-4%
募資簡報興趣：創辦人連結建立數量：+11.54%

儘管公開市場經歷了今年以來最慘烈的一週，創辦人和投資者活動仍於本週再次回升。創投公司活動提升 5.71%，檢閱簡報的平均時間則下降 4%。儘管投資者活動仍略低於 2022 年水平的 8%，但整體情況相對穩定，相較於 2021 年水平僅減少 4%。創辦人活動持續締造出乎意料的強勁表現：上週增加 11.54%，目前分別勝過 2022 年和 2021 年水平 25% 和 36%。由於第四季度表現相對疲軟，大家對於私人市場的樂觀情緒抱持歡迎態度，但對於 Fed 為因應通膨而持續採取激進措施的擔憂，這種樂觀情緒能否持續？請繼續關注下週發展，看看若最近的消費者支出和通膨相關資訊若高於預期，是否會影響到私人投資的態度。

更新日期：2023 年 2 月 13 日

募資簡報興趣：+3.63%
募資簡報興趣：花費時間：-4%
募資簡報興趣：創辦人連結建立數量：+38.54%

創投公司活動於上週略微提升，而創辦人活動出乎意料創下歷史新高。投資者簡報互動提升 3.63%，檢閱簡報的平均時間則下降 4%，現在維持在 2 分 24 秒。儘管最近幾週投資者活動有所增長，但與去年同期相比仍減少 9.5%。創投公司為應對總體經濟事件於去年同期開始放慢步調，而 2023 年的活動在短期內可能與去年同期呈相同走向。相比之下，創辦人活動大幅增長：創下歷史新高來到 38.54%。值得一提的是，創辦人活動於 2 月 7 日這週達到去年高點，而今年的增長使得創辦人突破去年新高約 5%。公開股票市場持續上漲，再加上通膨呈現緩和跡象，是創辦人持續樂觀情緒的部分原因，也預示將在短期內延續這種樂觀態度。然而，人們持續抱持著 2023 年最終將面臨經濟衰退的憂慮情緒，可能導致難以維持如此的活動程度。請繼續關注下週發展，確認創辦人是否繼續維持極快的步調。

更新日期：2023 年 2 月 6 日

募資簡報興趣：+7.36%
募資簡報興趣：花費時間：0% (維持不變)
募資簡報興趣：創辦人連結建立數量：+4.35%

創辦人和投資者活動於上週均呈增長趨勢，但相較於 2022 年的急速增長仍遠遠落後。投資者簡報互動提升 7.36%，這已經是自 2023 年開始連續第四週上漲，檢閱簡報的平均時間則維持在 2 分 30 秒不變。創投公司活動與去年同期相比減少約 9%，但由於近期公開市場景氣回升和 Fed 升息幅度減緩，可以解釋為何投資者從年初開始對交易的需求日益增加。創辦人活動於上週減少 12%，而本週則增加 4.35%。儘管創辦人活動較 2022 年的活動程度落後 17%，但鑑於今年開局時創辦人相當活躍，可預期創辦人活動將保持相對穩健。這股樂觀情緒是否會持續下去？請繼續關注下週發展，瞭解創辦人和投資者的立場。

更新日期：2023 年 1 月 30 日

募資簡報興趣：-0.88%
募資簡報興趣：花費時間：+4.17%
募資簡報興趣：創辦人連結建立數量：-12.38%

經歷了假期後為期數週的募資活動漲勢，創辦人和投資者於上週放緩步調。創投公司活動基本持平，僅減少 0.88%，檢視簡報的平均時間則上升 4.17%。由於公開市場出現了許多相互矛盾的信號，投資者活動與去年同期相比減少 20%，預期創投公司短期內無法實現同比營收增長。創辦人活動於上週減少 12.38%，出現較大跌幅，而創辦人方面也落後於去年的成長步調。目前的創辦人活動與 2022 年相比減少約 18%。在私人市場上觀察到的不安情緒短期內似乎不會消散：如果投資者不加緊步調，越來越多創辦人可能會效仿，選擇縮減開支而非開始募資。請繼續關注下週發展，瞭解市場的焦慮情緒是否進一步加劇。

更新日期：2023 年 1 月 23 日

募資簡報興趣：+6.04%
募資簡報興趣：花費時間：0% (維持不變)
募資簡報興趣：創辦人連結建立數量：+29.63%

創辦人和投資者於上週都更加活躍，儘管就交易雙方來看，創辦人的增長更為顯著。創投公司活動增加 6.04%，檢閱簡報的平均時間與上週持平，維持在 2 分 24 秒。與上一週的活動程度相比，創辦人更加忙碌：創辦人活動增加 29.63%，延續了 2023 年開局以來創辦人的樂觀情緒。與去年同期相比，創辦人的樂觀情緒和投資者的猶疑態度變得更加引人注意：創辦人活動與去年同期相比僅減少 9.5%，而創投公司活動則跌逾 28%。由於全局存在諸多不確定因素，預計未來幾週投資者活動不會明顯回升，因此需要募資的創辦人勢必得加強募資簡報的敘事手法，以求從眾多競爭者中脫穎而出。請繼續關注下週發展，瞭解創辦人的樂觀情緒是否會繼續快速成長。

更新日期：2023 年 1 月 9 日

募資簡報興趣：+31.88%
募資簡報興趣：花費時間：0% (維持不變)
募資簡報興趣：創辦人連結建立數量：+25.46%

創辦人和投資者上週開始回歸業務活動：交易雙方都相當活躍。第一季度揭開序幕，投資者活動增加 31.88%。儘管有所上升，但投資者活動仍遠不及假期前的程度：創投公司活動較假期放緩前減少 32%。檢視簡報的平均時間在上週保持不變，維持在 2 分 30 秒。創辦人活動同樣激增，但增幅低於創投公司活動：創辦人活動在上週增加 25.46%，但相比假期前水平則減少 32%。上週連續假期可能是造成第一季度開局相對緩慢的主因，下週再回來看看創辦人和投資者如何度過 2023 年完整的第一週。