The venture capital market rebounded in 2017, with an uptick in deal flow, an increase in financing sizes, soaring proceeds and a record high median premoney valuation. The $73.2 billion invested into the US venture capital ecosystem in 2017 represents the second-highest annual total since 2000, and the number of 2017 venture capital financings—once all deals are accounted for—should rival the highest annual tally since the dot-com era.

VC-backed company liquidity activity was also strong in 2017. The IPO market produced a 28% increase year-over-year and attractive valuations, while the number of acquisitions of VC-backed companies in 2017 should top the 2016 tally — and reach a record high — once all acquisitions are reported.