2003 MoneyTree™ Venture Capital Survey Results by State 

Data Source: PricewaterhouseCoopers/Thomson Venture Economics/National
Venture Capital Association MoneyTree™ Survey http://www.pwcmoneytree.com/moneytree/index.jsp

Note: Most of the data shown below have been rounded.

	STATE	Quarter 1		Quarter 2		Quarter 3		Quarter 4		TOTAL
		Deals	Amount	Deals	Amount	Deals	Amount	Deals	Amount	Deals	Amount
1	California	234	$1,510,515,100	254	$1,908,000,000	265	$1,826,400,000	257	$2,158,980,000	1010	$7,403,895,100
2	Massachusetts	71	$618,831,000	57	$377,300,000	97	$666,200,000	79	$602,950,000	304	$2,265,281,000
3	Texas	35	$216,545,000	42	$266,800,000	38	$275,900,000	40	$391,050,000	155	$1,150,295,000
4	New Jersey	11	$99,552,100	25	$141,600,000	22	$219,700,000	24	$327,560,000	82	$788,412,100
5	Colorado	14	$152,403,900	18	$229,500,000	16	$129,900,000	17	$107,910,000	65	$619,713,900
6	New York	31	$125,057,800	32	$221,000,000	27	$116,900,000	25	$128,810,000	115	$591,767,800
7	Pennsylvania	16	$102,206,000	21	$131,300,000	17	$121,200,000	25	$121,670,000	79	$476,376,000
8	Washington	25	$126,592,900	17	$82,600,000	17	$93,500,000	21	$99,200,000	80	$401,892,900
9	Virginia	25	$133,350,200	19	$75,200,000	12	$43,700,000	19	$114,780,000	75	$367,030,200
10	North Carolina	14	$58,455,600	24	$104,900,000	14	$98,500,000	18	$98,740,000	70	$360,595,600
11	Maryland	23	$104,709,100	22	$40,400,000	18	$97,100,000	20	$93,530,000	83	$335,739,100
12	Georgia	15	$74,132,300	19	$58,400,000	11	$59,700,000	17	$117,310,000	62	$309,542,300
13	Illinois	15	$76,131,900	8	$28,900,000	8	$32,300,000	14	$169,670,000	45	$307,001,900
14	Connecticut	6	$19,489,900	11	$114,000,000	6	$33,100,000	10	$66,680,000	33	$233,269,900
15	Florida	10	$24,982,100	14	$45,600,000	15	$72,000,000	20	$85,180,000	59	$227,762,100
16	Minnesota	13	$40,082,000	15	$63,100,000	15	$46,200,000	12	$48,810,000	55	$198,192,000
17	New Hampshire	11	$72,499,600	9	$55,300,000	3	$7,800,000	8	$26,300,000	31	$161,899,600
18	Missouri	7	$26,920,000	6	$39,500,000	6	$20,100,000	8	$32,450,000	27	$118,970,000
19	Michigan	6	$20,500,000	4	$37,900,000	5	$28,100,000	4	$17,420,000	19	$103,920,000
20	Utah	6	$32,544,000	3	$21,000,000	7	$39,700,000	3	$6,000,000	19	$99,244,000
21	Oregon	2	$10,748,000	6	$20,300,000	5	$17,600,000	8	$45,010,000	21	$93,658,000
22	Washington, D.C.	2	$15,375,000	3	$59,500,000	1	$3,600,000	1	$9,900,000	7	$88,375,000
23	Idaho	1	$50,000,000	1	$1,100,000	1	$100,000	3	$22,510,000	6	$73,710,000
24	Ohio	5	$29,098,000	5	$12,600,000	6	$11,200,000	7	$20,290,000	23	$73,188,000
25	Arizona	2	$10,250,000	5	$13,700,000	8	$29,200,000	5	$12,450,000	20	$65,600,000
26	Oklahoma	0	$0	2	$18,600,000	0	$0	2	$41,300,000	4	$59,900,000
27	Tennessee	4	$13,900,000	4	$1,200,000	6	$33,500,000	3	$7,440,000	17	$56,040,000
28	South Carolina	3	$12,856,000	1	$0	2	$26,100,000	3	$7,200,000	9	$46,156,000
29	Rhode Island	1	$416,000	2	$15,700,000	3	$12,200,000	3	$13,900,000	9	$42,216,000
30	Wisconsin	4	$16,820,000	3	$16,400,000	1	$1,700,000	2	$6,600,000	10	$41,520,000
31	Nevada	1	$5,100,000	0	$0	2	$14,100,000	1	$19,000,000	4	$38,200,000
32	Indiana	2	$1,000,000	3	$22,200,000	1	$8,300,000	0	$0	6	$31,500,000
33	Undisclosed/Other	1	$25,250,000	0	$0	0	$0	0	$0	1	$25,250,000
34	Alabama	0	$0	1	$6,000,000	0	$0	5	$15,000,000	6	$21,000,000
35	New Mexico	0	$0	0	$0	3	$15,200,000	4	$3,190,000	7	$18,390,000
36	West Virginia	1	$1,000,000	1	$8,000,000	3	$7,800,000	0	$0	5	$16,800,000
37	Hawaii	0	$0	2	$7,600,000	0	$0	1	$8,000,000	3	$15,600,000
39	North Dakota	1	$6,999,900	0	$0	0	$0	1	$7,500,000	2	$14,499,900
40	Maine	0	$0	0	$0	1	$800,000	2	$12,180,000	3	$12,980,000
41	Iowa	1	$4,000,000	0	$0	0	$0	1	$4,200,000	2	$8,200,000
42	Kentucky	0	$0	1	$1,400,000	1	$1,700,000	1	$3,300,000	3	$6,400,000
43	Mississippi	0	$0	1	$200,000	2	$5,000,000	3	$600,000	6	$5,800,000
44	Vermont	2	$193,000	2	$4,200,000	1	$300,000	1	$100,000	6	$4,793,000
45	South Dakota	1	$3,500,000	0	$0	0	$0	0	$0	1	$3,500,000
46	Louisiana	0	$0	1	$1,200,000	0	$0	0	$0	1	$1,200,000
47	Nebraska	0	$0	1	$600,000	0	$0	0	$0	1	$600,000
48	Arkansas	1	$250,000	0	$0	0	$0	0	$0	1	$250,000
	TOTAL	623	$3,842,256,400	665	$4,252,800,000	666	$4,216,400,000	698	$5,074,670,000	2652	$17,386,126,400

State Science & Technology Institute
5015 Pine Creek Drive
Westerville, OH 43081
Phone: (614) 901-1690
Fax: (614) 901-1696
Email: ssti@ssti.org

© 2004 State Science and Technology Institute. All rights reserved.