aggregate IPO and M&A statistics. These liquidity events mark the conclusion of a company's tracking by VentureOne. Because VentureOne continuously updates company financing information, historical aggregate statistics change over time. At times, venture capitalists or their portfolio companies may wish to withhold information until they have reached certain reporting milestones. As a result, a financing round that occurred in a previous quarter may be reported later, retroactively increasing the total for the quarter in which it took place.