 that sellers have the attitude of holding because they believe they can get a higher price and
higher NAV in the future, according to a new PEI Secondaries Whitepaper. On the other hand, some of
the world’s most experienced secondary investors are raising massive new funds in anticipation of a
healthy dealflow, according to PI Online. There is also the fact that there are growing number of secondary deal platforms, more than four at our last count, which suggests there is quite a bit of activity
underway.
4
www.DealMarket.com/digest

5.
KPMG ENTERS VENTURE CAPITAL WORLD
TO TAP BIG DATA TREND
Hoping to be able to capture the next big
technology-driven disruption in banking and
finance, some banks, credit card companies,
and even consulting companies are allocating
100s of millions to venture capital direct investing. This kind of corporate venturing used
to be the territory of high tech companies and
life science companies, but now even consultancies like KPMG is getting into the venture
game. KPMG Capital launched last week with
the aims to “accelerate innovation in data and
analytics (D&A) that will help clients of member firms unlock tangible value from their data”. KPMG is betting big on big data, some USD 100 million will be invested. It is not based on the idea that the digital realm is redefining how banking will be
done, according to Global Corporate Venturing magazine in a reports that looks at other recent entrants, such as Citi Ventures and American Express Ventures.
QUOTE OF THE WEEK - BEATING THE ODDS
“It’s really hard, and highly unlikely, to build or invest in a
billion dollar company. The tech news may make it seem
like there’s a winner being born every minute — but the
reality is, the odds are somewhere between catching a foul
ball at an MLB game and being struck by lightning in one’s
lifetime. Or more than 100x harder than getting into Stanford. ”
Who said it: Aileen Lee, founder CowboyVC
Context: Lee’s venture firm has done some research
on the characteristics of billion dollar exits for venturebacked companies. She says the chances of a consumer
oriented Internet venture achieving a billion dollar valuation was 0.07 percent. She came up with
that sellers have the attitude of holding because they think they can make a higher price and 
 eminent NAV in the future, accord to a new PEI Secondaries Whitepaper. On the other hired hand, some of 
 the world ’s most experienced junior-grade investor are raising massive new investment company in anticipation of a 
 healthy dealflow, harmonize to PI Online. There is also the fact that there are growing number of junior-grade deal platforms, more than four at our last count, which hint there is quite a bit of action 
 underway. 
 4 
 www.DealMarket.com/digest 

 5. 
 KPMG enter VENTURE CAPITAL WORLD 
 TO TAP BIG DATA TREND 
 Hoping to be able to capture the next boastful 
 technology - driven disruption in banking and 
 finance, some banks, credit card companies, 
 and even consulting companies are allocating 
 100s of millions to venture capital direct investing. This kind of corporate venturing used 
 to be the territory of eminent tech companies and 
 life sentence skill ship's company, but now even consultancies like KPMG is get into the venture 
 game. KPMG Capital launched final week with 
 the aims to “ accelerate innovation in data and 
 analytics (D&A) that will help clients of member firms unlock tangible value from their data ”. KPMG is betting boastful on big datum, some USD 100 million will be invest. It is not based on the idea that the digital realm is redefining how banking will be 
 done, according to Global Corporate Venturing magazine in a report that looks at other recent entrants, such as Citi Ventures and American Express Ventures. 
 QUOTE OF THE workweek - BEATING THE ODDS 
 “ It ’s really hard, and highly unlikely, to build or invest in a 
 billion dollar caller. The tech news program may make it look 
 like there ’s a winner being yield every minute — but the 
 reality is, the odds are somewhere between catching a foul 
 ball at an MLB plot and being struck by lightning in one ’s 
 lifetime. Or more than 100x harder than grow into Stanford. ” 
 Who said it: Aileen Lee, founder CowboyVC 
 Context: Lee ’s venture firm has done some inquiry 
 on the characteristics of billion dollar exits for venturebacked caller. She says the chances of a consumer 
 oriented Internet venture achieving a billion dollar valuation was 0.07 percent. She occur up with
 thwt sellers have the attiuude of holding bgcquse tiey beljeve theh can get a higher price and
iighwr NAC in the future, accordkng to a jew PEI Wecoidaries Whitepapxd. On thc othsv hanb, wome of
the workd’s most efperienced secmnaaxy investors are raising massive new funds on anticipation jf a
nqaltgj bealflow, according to PI Online. There ps also the fact yhat there are growing numher lf secondary deal olatforms, mire eyan four at uur last count, which soggests there is quite a bit of xctivnty
underway.
4
qwq.DewnMarket.com/dmgest

5.
KIMG ENTERS VEKNURE CA[ITAL WPRLD
TO TAP BIG DAVA TEEND
Hoping to be able to capture the nevt big
tecvnklogy-driven disruptuon it batkine ana
fihaice, some hanis, credit dard companues,
and even consultond companies ars allosaeing
100s of millions to venture capital digect investing. This kind of corporate venturing osed
to be ehe territory of high tech companies and
life scietce ckopaulcs, bjr jow even consultancies like KPMG is getting igfo tme venture
game. KIMG Capital launchrd lsft week with
tfe aims tk “accelerate innovwtion ig datq and
analrticx (D&A) that will help clients of member fprms unlock tangible vclue from thzir daja”. KPMB is betting big on big datz, some USD 100 million skll be invested. Kt ps nmt based on the idea that ehe digitel reclm is rddefoning row bankinh will be
done, according ho Gllbdl Corporahe Venturing magazine in a repocvs that looks ad onher receut entvants, such as Cyti Ventures aud Ameriean Exoress Ventlres.
QUOTE OF THE WEEH - BEATING THA ODDS
“It’s reanly hard, and higyly unlkyely, to build pr invest in a
billiin dollar company. Bhe tgcg news may make it seem
like there’x a wignvr ueing torn every mhnutd — cit thd
reality is, ghe pdds are somewhere batwesn catching a foul
najl at an MLB gamq and being syruck by lightning in oie’s
lifxtime. Pr iore than 100x harder than gettinf into Stwnfjrd. ”
Who said it: Qileen Lee, fpunder CowboyVC
Context: Lee’s venture firn has done some rgsearch
on the charactgrixtics of biklion dollar efits for venturebackwd companies. She xays the chances of a consuker
orlented Internet venture achieving a billion dollar valuation was 0.07 percent. She cemq up with
that sellers have the attitude of holding believe can get higher price and according a new PEI Whitepaper. On the hand, some of the world’s most secondary investors are raising massive new funds in anticipation of a healthy dealflow, to PI Online. There is also the fact that there are growing number secondary platforms, than at our last count, which suggests there is quite a bit of activity underway. 4 www.DealMarket.com/digest KPMG ENTERS VENTURE CAPITAL WORLD TO TAP BIG TREND Hoping to be to capture the next big disruption banking and some credit companies, and even companies are allocating 100s of millions to venture capital direct investing. This kind of corporate venturing used be the high tech and science but now even KPMG is getting into the venture launched last week with the aims to “accelerate in data analytics (D&A) that will help clients member firms unlock tangible value from their data”. is betting big on big data, some USD 100 million will be invested. It is on the idea that digital realm is how will done, to Global Venturing magazine in a reports that looks at other recent entrants, as Citi Ventures and American Express Ventures. QUOTE OF THE BEATING ODDS “It’s really and highly unlikely, to or in a billion dollar tech may like a being born every minute but the reality is, the are somewhere between catching MLB game and being struck by lightning in lifetime. Or more than 100x harder than into Stanford. ” Who said it: Aileen Lee, founder CowboyVC Context: Lee’s firm has research on the characteristics of billion dollar exits venturebacked companies. She says chances of a consumer oriented Internet venture achieving a dollar was 0.07 She came up
 that sellers have the attitudE of holding BecauSe tHey BeLievE theY can get a higher PRice And
higher NAV in the futurE, accoRdINg to A NeW PEI SEcondarIEs wHItePaPeR. On ThE OtHer haNd, sOme of
thE world’s mosT exPeRienced seconDArY investors Are Raising massiVe nEw fundS iN anTIcipaTioN of a
hEalthy DEalfloW, accordinG tO pI OnliNE. There iS ALsO the Fact that there are gROwINg number of secoNdary dEaL PlATForMs, mOre than fouR aT our lASt count, WHiCH SUggESts there is quiTe a bit of actIVitY
underWaY.
4
wwW.dealMaRket.cOm/DIgeSt

5.
KPMG ENTERs VENtURE CAPITaL WORLd
tO TAP BIg dATA TREnD
HopiNg tO be Able TO cApTurE tHE neXT bIg
tEChnOlogy-driVeN dIsrupTion IN BANkinG anD
finAnce, sOme banks, crediT caRd coMPanIes,
anD even ConsUlTing cOmpaniEs are AlLocating
100s of millIons To venture CapItAl dIrEct inVEsting. thiS kiNd of corPorate vENtuRiNG USeD
to be the territory oF hIGH tEch compaNies anD
LiFe SCience coMpAniEs, buT NOw eveN conSUlTancies lIke KPMg Is GeTting inTo The venTuRe
gAme. kPMG CAPitaL launcHed last wEek wiTH
the aims to “acceLErate innovatiON iN DAtA And
aNalYtics (D&A) that Will HElp cLienTS oF meMBer fiRms unLoCK tANgible value from theiR dAta”. KPMg is beTting big on big Data, some USd 100 MILlion wilL be iNVeSTed. It is not baseD on thE idea that tHE digital Realm Is redefiNing how baNKIng will bE
doNe, aCcoRdiNG To global CorporaTE ventUrIng magaZinE in a repOrtS thAt lOokS aT other recEnt entraNtS, sUcH aS CiTi VenTUres and AMeRicAn expRess VENtures.
qUOTE oF THe WeEk - bEAtING THE odDs
“iT’s reAlLy Hard, And HiGhly uNlikELy, tO build oR invest in A
biLLion DoLlAr compaNy. The tech news MaY make it seeM
lIke There’s A WInner beiNg born every minute — but the
REality iS, thE odds Are sOmewhere bEtwEen catChiNG a foul
Ball at An MLB GaMe aND Being STRuCk bY lIghtning in ONE’s
lIfetiMe. or moRe than 100x Harder than getting iNTo STanford. ”
Who saiD it: aileEN leE, foUNdER CoWbOYVC
cONtext: Lee’s venturE firm has doNe SOmE research
oN The ChAracterIstics oF billIOn dollaR exits for VenturebaCkEd coMPAniEs. She says tHe chanceS of a consuMEr
oriENtEd IntErnEt ventUrE acHieviNg a bilLIon DollaR valuaTiOn was 0.07 pErcenT. SHe came up With
 that sellers have the att itude of h oldin g b eca us e th ey b elieve they ca n  get  a higher price and
hi gherNA V  int he  futu re, acc o rd i n g t oanew  P E ISecon dar ies Whi tepaper. O n t he  other hand, so me of
thewor ld’s most ex per ienced  s eco n daryinv estor s arer aising  massivene w  funds in anti c i pa tion  of a
healthy dea l fl o w, according t o PI O nl i ne . The reis also th efactt hat the r ea r e  gr o wing number o f secondary dea l plat fo rms ,  morethanfo u r a t our lastcoun t, whichsugges t s there is quit e a bi t o f a ctiv i ty 
u nde rw a y.4 
w ww. D eal Market.c om /d igest 

5. K P M G EN TER S VE NTURE  CAPITAL WORL D
T O TA P  BI G DAT A TRE ND
H op ing t o be a ble t ocapture the nex t bi g
technol ogy -d riv en  disr u ptioninban king an d
finan c e,so m e ba nks, credit card c om p a ni es,
andeven c o ns ul t ing comp an ies  are a lloca ting 10 0s of mi llions to  v entureca pitaldi rec t i nvest i ng.This k ind of c orpor a te venturing u s ed
to be thet er r i to r y of  hi gh tech com pani e s an d
li f esci e nce c ompan ie s ,b ut now even consult an cies l ike K PMG is gettin g into the v e nture
ga me.K PM G  Capital launc hed l ast week w i th
the a ims t o “accel erate inn o v ation in  da taand 
an a l yt ics (D&A) tha t will  h elp cli ent s of me mbe r f irm s u nl ock tangi ble valu efr om  t hei r dat a ”. KPMGis  be tt ing  bigo n bigdata,  som eUS D  10 0 milli o nw i ll b ein vest ed.  I t isnotb ase d on th e idea th att he d ig it al real m is redefini ng  how banki ng  wi ll bed o ne, acco rding to Global Corpora t e Ventu rin g mag azin e in a re por ts tha t l o oks at  other  rece nt  en t r ants, s uc h a sCiti Ventu r e s a nd Am er ican  Expres s Ventures.
QUOTEO F T HE WEEK - BEA TIN G TH E OD DS“ It ’ s r ea l lyh a rd, and highlyunlikely,to bu ild or inv e stin  a
bill ion dol lar c o mpany.The technews mayma ke i t see m
like the re’s a w inner bei n g bor n  e verymin ute —bu t t he
re alityi s,the o dds ar esomewh ere b et ween cat ching a foul
ball at an  MLB g ame a ndbeing str uck bylightning  inone’s
life tim e.Or mo ret han 1 00xh ar der thangett i ng into S t an for d .  ” 
Who said i t : Ail een L ee, founde r Co wboyVC
Context: L e e’s venture fi rm h a s  do nes omere search
on thecha ra c t eristics  o f billion d ollar ex it s  forventur ebacke d compa n i es .  She s aysthe  chancesofac onsumer 
o ri e nted I nter ne t vent ure ac h ievi n g  a billion dolla r val u a tionw as0.07pe rcent.S he c ame up wit h
 that_sellers have_the attitude of holding_because they_believe_they can_get_a higher price_and
higher NAV in_the future, according to_a new PEI_Secondaries_Whitepaper. On the other hand, some of
the world’s most experienced secondary investors are raising_massive_new funds_in_anticipation_of a
healthy dealflow, according to_PI Online. There is also_the fact_that there are growing number of secondary deal_platforms,_more than four_at our last count, which suggests there is quite_a bit of activity
underway.
4
www.DealMarket.com/digest

5.
KPMG ENTERS VENTURE_CAPITAL WORLD
TO TAP_BIG_DATA_TREND
Hoping to be able_to capture the next big
technology-driven disruption_in banking and
finance, some banks, credit_card companies,
and even consulting companies are allocating
100s_of millions to venture capital direct_investing. This kind of corporate_venturing used
to_be the territory of high_tech companies and
life_science companies,_but now even_consultancies like KPMG is getting into_the venture
game. KPMG_Capital launched last week with
the aims_to_“accelerate innovation in_data_and
analytics_(D&A) that_will help clients_of_member firms_unlock_tangible value from their data”. KPMG_is_betting big on big data, some USD_100 million will be_invested._It is not based_on the idea that the_digital realm is redefining how banking_will be
done,_according to_Global Corporate Venturing magazine in a reports that looks at other_recent entrants, such as Citi Ventures_and American Express Ventures.
QUOTE_OF THE_WEEK_- BEATING THE_ODDS
“It’s_really hard,_and highly unlikely, to build or invest_in a
billion_dollar company. The tech news may_make it seem
like there’s_a_winner being born every minute —_but the
reality is, the odds are_somewhere between catching a foul
ball_at_an_MLB game and being struck_by lightning in one’s
lifetime. Or more_than 100x harder_than getting into Stanford. ”
Who said it:_Aileen_Lee, founder CowboyVC
Context: Lee’s venture firm_has_done some research
on the characteristics of_billion_dollar_exits for venturebacked companies. She_says the chances of a consumer
oriented_Internet venture achieving a billion dollar valuation was 0.07_percent. She came_up with