SBIC Small Business Investment Company. Corporate Development, Corporations, and Corporate VC's Are not included in venture capital number summaries unless they co-invest with a professional VC firm. These deals are not included in the venture capital results unless a professional venture capital firm participated in the current placement, or in a previous round of financing. An individual investor or group of individuals without a professionally managed, limited partnership fund unless they co-invest with a professional VC firm. C. Deal Types Venture capital involves money invested in exchange for equity.
Debt is very often part of a venture capital deal.
The MoneyTree Survey splits the debt portion of a deal from the infusion of capital. Debt is not included in the results or summaries of venture capital financings. The amount invested includes all money actually changing hands in a particular round. Tranches or takedowns do not become separate deals. There are no qualifiers as to the age or start date of a company.