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  "documentTitle": "Silicon Valley Venture Capital Survey Second Quarter 2019",
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      "text": "SILICON VALLEY VENTURE CAPITAL SURVEY SECOND QUARTER 2019",
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      "text": "After having declined over the past few years, average and median time to close a fund was up from 12.9 months and 12.0 months, respectively, in 2018 to 20.5 months and 15.0 months, respectively, in the first half of 2019.",
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      "text": "The median time from initial equity funding to IPO increased from 4.7 years in Q1 to 7.3 years in Q2. The median equity amount raised prior to IPO decreased from $160.3 million in Q1 to $156.8 million in Q2...",
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      "text": "The IT industry saw the greatest amount of M&A deal activity with 86 deals at an aggregate value of $15.7 billion in Q2 2019, up from 71 deals at an aggregate value of $13.1 billion in Q1 2019...",
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      "text": "According to PitchBook-NVCA, venture capital fundraising in 2019 has been off pace from the record-breaking levels of 2018. Through the first half of the year, $20.6 billion has been raised across 103 funds...",
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