CALIFORNIA BUSINESS MINUTE
Venture Capital
04-20-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
Venture Capital investments in California substantially increased in both the
north and south for the first quarter of 2011. According to analysis by
PriceWaterhouseCoopers, (PWC) and the National Venture Capital Association, it
appears that the Golden State is returning to its once robust levels of venture
capital activity. Nationally, venture capital activity was $5.87 billion for the
quarter, up from $5.165 billion in the first quarter of 2010.
Venture capital investments in Silicon Valley continued to grow at the expense of
the rest of the nation in Q1, as the region saw $2.491 billion in venture capital
investments in the first quarter of 2011. According to the report, Silicon Valley
venture deals rose significantly almost a $1 billion over the year from the $1.75
billion invested in the first quarter of 2010 and up from last quarter’s $2.175
billion. Deal counts were down--212 deals for Q1, versus 233 in Q1 of 2010 and
252 in Q4.
Southern California which is comprised of the combined numbers of LA/Orange counties
and San Diego had $493.2M in investments in Q1 of the year, across 54 deals.
Investments were down from $625.4M invested in Q1 of 2010. Additionally the investments
numbers are down from the 4th quarter of 2010
However, Sacramento and Northern California saw a significant return to the marketplace
with nearly $15 million yielding nearly $3 billion in venture capital invested in the
state for the first quarter of 2011, accounting for 51 percent of the national total.
I am Tim Johnson and this has been the California Business Minute.
|
