By Jeff Faust, CVA, Director of Valuation Services
ASL Business Valuation Services
The recent reports by PitchBook and the Silicon Valley Business Journal indicate that 2017 will be a healthy year for Venture Capitalists. Experts believe that the Venture Capital (VC) industry is coming back to “normal” levels after the boom of activity in 2015.
Interestingly, there was a lot of talk recently about the VC funding cooldown which raised concern about the Series A funding crunch. The recently published 1Q 2017 PitchBook report confirms that angel and seed financing continued to decline in 2017, and it is getting more difficult to secure Series A financing. In fact, first-financing activities have been falling since the middle of 2015. (more…)
By Helena Bouron, CPA, Senior Audit Manager
ASL Nonprofit Group
There are a lot of wonderful events happening during the spring in Silicon Valley. One event that has raised a lot of interest in the nonprofit communities over the past three years is “Silicon Valley Gives.” Hosted by Silicon Valley Community Foundation, this one day, 24-hour online fundraising event matches local nonprofit organizations with individual donors in a single donation platform. In addition to attracting funds contributed by individual donors to their nonprofit organization of choice participating at the event, nonprofit organizations are also eligible to receive matching grants and prize grants sponsored by Silicon Valley Community Foundation and various other sponsors on this special day. With over $3 million in available grants and prizes, is your organization poised to take a piece of the pie? (more…)
