California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

Nationally, venture capital investments fell 12 percent in terms of dollars
and 14 percent in terms of the numbers of deals compared to second quarter
results according to the National Venture Capital Association.

Similarly for California, both dollars and deals completed mirror that of the
activity across the nation.    However, based upon trend lines of 4thQtr results
from previous years, at least the total dollar investment activities should
exceed 2010 totals. The Silicon Valley remains the largest region in the nation
for Venture Capital investment and California continues its dominance in venture
capital with over 50 percent of the activity and dollars invested being in
California.

3RD QTR. 2011 $’s INVESTMENTS
Silicon Valley                $2.7 billion
LA/Orange                    $   401 million
San Diego                    $    207 million
Sacramento/N. Cal        $     16 million
Total                            $3.3 billion

3RD QTR. 2011 DEALS DONE
Silicon Valley                273
LA/Orange                      51
San Diego                      21
Sacramento/N. Cal           1
Total                           346

The numbers are provided by Moneytree Report from Pricewaterhousecoopers for the
National Venture Capital Association.

I am Tim Johnson and this has been the California Business Minute.