CALIFORNIA BUSINESS MINUTE
Venture Capital, Part 2
Northern California
04-24-08
Hi, I am Tim Johnson and welcome to the California Business Minute.
In a report released by the by the National Venture Capital Association,
PricewaterhouseCoopers and Thomson Reuters, it found that venture capital
investments were down nationally. Contrary to national trends, investments
were up in Silicon Valley by about 8 percent, year- over-year from $2.4 billion
to $2.6 billion, although numbers were down from the previous quarter.
The top six areas of venture investments in Silicon Valley during the first quarter of 2008:
-- Software: $494 million, 76 deals
-- Semiconductors: $344.9 million, 25 deals
-- Medical devices and equipment: $340.5 million, 29 deals
-- Telecommunications: $262.4 million, 24 deals
-- Media and entertainment: $227.9 million, 39 deals
-- Biotechnology: $226.6 million, 25 deals
According to numbers from the report, Silicon Valley continues to lead the nation in both deals
and dollars, with nearly $2.6B over 306 venture capital deals in the quarter. Southern California
was still number two in the nation in terms of dollars, just ahead of New England, which had
$721.5M invested in the quarter. However, New England saw more venture deals, with 108
compared with Southern California's 93.
I am Tim Johnson and this has been the California Business Minute.
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