1、?018019023026028033?052058064066?035037038039040?007007008009009010010012014016?042042044050050002?003004005?PART 1PART 2PART 5PART 6PART 3PART 4?001034041051006017?221221221222222223223223224225226227?227229?068068077085095101101110113120123123126136142142149154156162167171?PART 7?17817918018118418
2、4185187188189?PART 8?191194197201203?207208216216217219219?PART 9PART 10PART 110671771902062202023 Global Venture Capital Yearly White Paper001002/?PART 1?2022?$?$?2023 Global Venture Capital Yearly White Paper003004/?2023 Global Venture Capital Yearly White Paper005006/?PART 2?2023 Global Venture C
3、apital Yearly White Paper007008/?0501001502002502016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q1?05001000150020002500300005010015020025030035040020152016201720182019202020212
4、022?2023 Global Venture Capital Yearly White Paper009010/?050010001500200025003000350040000204060801001202015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q4?05
5、001000150020002500300035004000450020152016201720182019202020212022?02004006008001,0001,2001,400$0$20$40$60$80$100$120$140$160$18020122013201420152016201720182019202020212022?2023 Global Venture Capital Yearly White Paper011012/?05001000150020002500$0$100$200$300$400$500$600$700$800201220132014201520
6、16201720182019202020212022?0100020003000400050006000$0$10$20$30$40$50$60$70$80$90$100Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4202020212022?7.59.312.419.219.125.431.039.849.4108.991.63,849?5,141?6,765?7,349?8,284?9,443?10,299?10,731?13,028?12383020004000600080001000012000140000.020.040.060.080.0100.0120.0201220132014
7、20152016201720182019202020212022?2023 Global Venture Capital Yearly White Paper013014/?10.58.59.711.116.722.416.020.824.425.325.41761792762392712712942713393052120501001502002503003504000.05.010.015.020.025.020122013201420152016201720182019202020212022?3.810.021.620.515.118.447.717.823.3137.738.3379
8、4235936585806746457357461267113502004006008001000120014000.020.040.060.080.0100.0120.0140.0160.020122013201420152016201720182019202020212022?$52.3$75.0$60.7$127.8$77.5$92.2$136.2$69.559036841661471325392546374866186010002000300040005000600070008000$0.0$20.0$40.0$60.0$80.0$100.0$120.0$140.0$160.02015
9、2016201720182019202020212022?05001,0001,5002,0002,500$0$5$10$15$20$25$30$35$40$45$50Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4201720182019202020212022?2023 Global Venture Capital Yearly White Paper015016/?$21.7$58.1$57.7$110.0$76.5$168.4$289.2$157.71411551831611702912642
10、59050100150200250300350$0.0$50.0$100.0$150.0$200.0$250.0$300.020152016201720182019202020212022?$74.3$103.1$115.7$97.4$77.8$98.9$90.8$44.5976114012381181887899775273-10010030050070090011001300-$10.0$10.0$30.0$50.0$70.0$90.0$110.0$130.020152016201720182019202020212022?050100150200250300350400050010001
11、500200025002015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q4?2023 Global Venture Capital Yearly White Paper017018/?PART 3?2023 Global Venture Capital Yearly
12、White Paper019020/?0%5%10%15%20%25%30%02468101220152016201720182019202020212022?853.11159.41504.32547.51891532352790501001502002503000.0500.01,000.01,500.02,000.02,500.03,000.02019202020212022?2023 Global Venture Capital Yearly White Paper021022/?0100200300400500600020406080100120140?$2.7$3.0$10.0$2
13、4.8$36.9$30.5$61.9$57.7$50.5$93.7$32.7333?527?774?897?0200400600800100012001400160018002000$0.0$10.0$20.0$30.0$40.0$50.0$60.0$70.0$80.0$90.0$100.020122013201420152016201720182019202020212022?$0.9$3.3$3.3$1.9$38.2$11.3$28.2$91.0$80.4$280.8$50.1182529535188787310918697020406080100120140160180200$0.0$5
14、0.0$100.0$150.0$200.0$250.0$300.020122013201420152016201720182019202020212022?2023 Global Venture Capital Yearly White Paper023024/?129177234342484640784107314171938274505001000150020002500300020222023202420252026202720282029203020312032?$71$199$1,296$271$1,548$2,65423324265105110020406080100120$0$5
15、00$1,000$1,500$2,000$2,500$3,000201720182019202020212022?13.40%12.80%10.40%9.50%7.10%46.70%?2023 Global Venture Capital Yearly White Paper025026/?23.723.521.820.618.0?4.38.511.391689992080294986077181601002003004005006007008009001000051015202530Q1Q2Q3Q4Q1Q2Q3Q420212022?2023 Global Venture Capital Ye
16、arly White Paper027028/?0369121518212427303336$0$1$2$3$4$5$6$7$8$9$10$1120182019202020212022?2023 Global Venture Capital Yearly White Paper029030/?0481216202428323640?200?400?600?800?1,000?1,200?1,400?1,600?1,800?2,000?2013201420152016201720182019202020212022?6.77.511.212.419.739.327.548458562978285
17、211349260200400600800100012000510152025303540452016201720182019202020212022?2023 Global Venture Capital Yearly White Paper031032/?17182123283457$0$10$20$30$40$50$602016201720182019202020212022?$3,231.6$524.6$1,180.6$2,053.8132504393020406080100120140$0.0$500.0$1,000.0$1,500.0$2,000.0$2,500.0$3,000.0
18、$3,500.0?$7.0$15.6$7.0330448318050100150200250300350400450500$0.0$2.0$4.0$6.0$8.0$10.0$12.0$14.0$16.0$18.0202020212022?$3.2$11.0$0.219332705101520253035$0.0$2.0$4.0$6.0$8.0$10.0$12.0202020212022?2023 Global Venture Capital Yearly White Paper033034/?PART 4?2023 Global Venture Capital Yearly White Pap
19、er035036/?39%13%8%8%6%5%5%4%12%?23%13%13%9%6%6%4%3%3%3%17%?050100150200250300350400450500550600650?20222021?2023 Global Venture Capital Yearly White Paper037038/?$0$100$200$300$4002013201420152016201720182019202020212022?s?32234624714926830025252011241900250500750100012502013201420152016201720182019
20、202020212022?18227926918129923813317346416301002003004005002013201420152016201720182019202020212022?418272365547572810040$0$25$50$75$100$1252013201420152016201720182019202020212022?2023 Global Venture Capital Yearly White Paper039040/?36354166868595165270383511258020200400600800100012002013201420152
21、016201720182019202020212022?5883847786100731171681080501001502002013201420152016201720182019202020212022?2023 Global Venture Capital Yearly White Paper041042/?PART 5?2023 Global Venture Capital Yearly White Paper043044/?2017-2019?202020212022?-3.7%-9.1%-2.0%2.7%4.9%-10.0%-8.0%-6.0%-4.0%-2.0%0.0%2.0%
22、4.0%6.0%?-40-30-20-1001020304050602016201720182019202020212022?2023 Global Venture Capital Yearly White Paper045046/?7.37.58.38.6-8.2-5.9-3.5-1.617.618.015.813.66.92.53.51.83.955.75.75.45.25.75.5-12.5-9.3-6.6-4.017.617.415.112.65.70.81.5-0.21.43.23.74-15-10-505101520?2023 Global Venture Capital Year
23、ly White Paper047048/?8.78.88.88.90.82.43.94.713.712.610.49.16.34.75.3?77.47.16.96.86.56.15.8-3.9-1.30.6?13.7129.78.15.133.22.94.55.15.15.1-6-4-20246810121416?8.8999-0.70.53.23.812.711.6?8.86.14.55.14.78.78.88.88.90.82.43.94.713.712.610.49.16.34.75.3?-20246810121416?2023 Global Venture Capital Yearl
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25、 White Paper051052/?PART 6?050010001500200025003000350040000500100015002000250030003500400045005000Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4201720182019202020212022?2023 Global Venture Capital Yearly White Paper053054/?12.9%89.5%32.0%8.8%34.3%1.6%9.0%0.1%11.7%0%10%20%30
26、%40%50%60%70%80%90%100%?%?%?%?%?020004000600080001000012000201720182019202020212022?2023 Global Venture Capital Yearly White Paper055056/?05001000150020002500300035004000050010001500200025003000350040004500Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q420172018201920202021202
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28、0200400600800100012001400160018002000?254771271233772441052868191535316.03286.94228.57220.23219.53215.65206.16180.5179.56160.22145.980501001502002503003500100200300400500600?050010001500200025003000350040000100200300400500600Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q42019202020212022?2023 Global Venture Capita
29、l Yearly White Paper059060/?0500100015002000250030003500Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q42019202020212022?050100150200250300350400450500Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q42019202020212022?05001000150020002500300035004000050100150200250300350400450500Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q42019202020212022?70758
30、08590950200400600800100012001400160018002019202020212022?%?2023 Global Venture Capital Yearly White Paper061062/?22961391153335120930440740734054526519112911995815350463305001000150020002500?17391272138713941020289218307184163216201186137883730232180200400600800100012001400160018002000?1272138711213
31、356735594031911751642011861088157542726221502004006008001000120014001600?2023 Global Venture Capital Yearly White Paper063064/?2804254629164798401250630100020003000400050006000201720182019202020212022?0100020003000400050006000050010001500200025003000201720182019202020212022?2023 Global Venture Capit
32、al Yearly White Paper065066/?17%?20%?29%?34%?13.610.710.46.84.4?0%10%20%30%40%50%60%70%80%0100200300400500600700201720182019202020212022?PE/VC?2023 Global Venture Capital Yearly White Paper067068/?PART 7?2023 Global Venture Capital Yearly White Paper069070/?2023 Global Venture Capital Yearly White P
33、aper071072/?3,839 4,230 4,128 5,321 6,735 8,745 10,221 11,889 13,614 15,063 3,376 3,312 3,536 4,264 4,928 4,927 4,939 5,086 5,378 5,852 07,50015,00022,50020172018201920202021 2022E2 023E 2024E2 025E 2026E?2023 Global Venture Capital Yearly White Paper073074/?2023 Global Venture Capital Yearly White
34、Paper075076/?2023 Global Venture Capital Yearly White Paper077078/?2023 Global Venture Capital Yearly White Paper079080/?0.0.1750.350.5250.70.75.150.225.300.2010201220142016201820202022E?GW?%2023 Global Venture Capital Yearly White Paper081082/?-2813%0%2813%5625%8438%11250%20162017201820192020202120
35、22?%?150002740037900530005845174636020,00040,00060,00080,000201520162017201820192020?3.295.948.319.3810.9515.450.4.8.12.16.20.201520162017201820192020?2023 Global Venture Capital Yearly White Paper083084/?2023 Global Venture Capital Yearly White Paper085086/?2023 Global Venture Capital Yearly White
36、Paper087088/?2023 Global Venture Capital Yearly White Paper089090/?2023 Global Venture Capital Yearly White Paper091092/?0%13%25%38%50%0.55.110.165.220.201620172018201920202021E 2022E 2023E 2024E 2025E?%14.6 15.4 14.9 17.2 25.6 5.8%-3.2%14.8%49.5%-16%0%16%31%47%63%0 7 13 20 26 33 2017201820192020202
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39、35.8%37.5%39.0%0%10%20%30%40%50%2015201620172018201920202021 2022E 2023E 2024E 2025E?2023 Global Venture Capital Yearly White Paper095096/?1241181018813710503570105140201720182019202020212022?2023 Global Venture Capital Yearly White Paper097098/?0.0.040.080.120.160.47.595.142.5190.201720182019202020
40、212022E2023E2024E2025E2026EEDA?%0.0.0750.150.2250.30.60.120.180.240.201720182019202020212022E2023E2024E2025E2026EEDA?%?0.35.70.105.140.20172018201920202021?CAE)IC?PCB?MCM)?SIP)?47.759.7917.9757.24?2023 Global Venture Capital Yearly White Paper099100/?Synopsys?2023 Global Venture Capital Yearly White
41、 Paper101102/?23711242208152330201720182019202020212022?2023 Global Venture Capital Yearly White Paper103104/?2023 Global Venture Capital Yearly White Paper105106/?2023 Global Venture Capital Yearly White Paper107108/?2023 Global Venture Capital Yearly White Paper109110/?2023 Global Venture Capital
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45、l Venture Capital Yearly White Paper145146/?3442383936221217101414151142121010203040506070201720182019202020212022?33283830171733151312601020304050607080902019202020212022?2023 Global Venture Capital Yearly White Paper147148/?41%37%40%14%12%11%9%13%9%9%9%8%4%7%11%5%5%5%8%7%6%0%20%40%60%80%100%202020
46、212022?6234211241775126828814020406080100120140pre-IPOEDCpre-CBpre-BApre-A?2023 Global Venture Capital Yearly White Paper149150/?2023 Global Venture Capital Yearly White Paper151152/?57%17%14%13%?93238173541065232452371912050100150200250300350400450202020212022ABCD?2023 Global Venture Capital Yearly
47、 White Paper153154/?050001000015000200002500020082011201220152016201920202023?020406080100120123456789101112020406080100120140160123456789101112?2023 Global Venture Capital Yearly White Paper155156/?ABB20212022ABB2022?,79.2%A?A?,15.2%?,4.5%B?B?,1.0%?,20.7%?2023 Global Venture Capital Yearly White Pa
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