More on VC - Slight uptick in Q4 might signal better times ahead
The Silicon Valley Mercury News also summarized the PWC/NVCA Moneytree Report, with an emphasis on Silicon valley
The amount of venture funds into Silicon Valley fell to $6.98 billion in 2009, from an average over the last 3 years of more than $10 billion, the lowest level since 2003. However, the rest of the country faced its lowest level of funding since 1997 at $17.7 billion.
Some signs of an uptick from NVCA:
"The venture capital industry had no choice but to slow the investment pace in 2009," NVCA President Mark Heesen said in a news release. "Now that the economy has begun to show signs of improvement, we expect to see dollars flow more freely."and from PWC directly
"VCs placed more bets in the fourth quarter of 2009 than we've seen all year," said Tracy T. Lefteroff, who leads the venture capital practice at PricewaterhouseCoopers. "They're investing fewer dollars in these companies, but the fact remains that there are still entrepreneurs out there with great ideas who are getting the opportunity to take the next step forward with their businesses."
Dow Jones VentureSource has their own methodology of surveying venture firms, but their data also showed a slight uptick in activity and funding levels in Q4 2009. From a press release posted by Trading Markets,
Categories: Venture Capital Firms, General Entrepreneurship, Raising Money, Angel Investors, Utah and Economy
Tags: investor venture capital accredited investors
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