2004 Q1 Venture Capital Investment by State

2004 Q1 MoneyTree™ Venture Capital Investment 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 have been rounded.

State
# of Deals

$ Invested

Average Deal $

1
California
240

$1,827,568,000

$7,614,867

2
Massachusetts
74

$687,406,800

$9,289,281

3
Texas
34

$216,958,200

$6,381,124

4
Washington
26

$208,673,800

$8,025,915

5
Pennsylvania
19

$200,990,400

$10,578,442

6
New Jersey
15

$199,957,100

$13,330,473

7
Georgia
24

$197,442,900

$8,226,788

8
Illinois
11

$131,581,000

$11,961,909

9
Maryland
21

$113,425,000

$5,401,190

10
Virginia
17

$96,749,000

$5,691,118

11
New York
26

$88,805,900

$3,415,612

12
Florida
13

$87,182,000

$6,706,308

13
Colorado
15

$83,501,300

$5,566,753

14
Minnesota
7

$79,724,700

$11,389,243

15
Connecticut
8

$75,135,000

$9,391,875

16
Michigan
6

$49,125,400

$8,187,567

17
North Carolina
9

$44,332,200

$4,925,800

18
Rhode Island
2

$43,900,000

$21,950,000

19
Alabama
1

$33,200,100

$33,200,100

20
Wisconsin
7

$32,799,900

$4,685,700

21
Missouri
5

$26,217,100

$5,243,420

22
Tennessee
5

$18,979,000

$3,795,800

23
Oregon
4

$16,824,000

$4,206,000

24
Arizona
4

$14,250,000

$3,562,500

25
Hawaii
1

$12,500,000

$12,500,000

26
Ohio
6

$11,370,000

$1,895,000

27
New Mexico
3

$9,800,000

$3,266,667

28
Maine
1

$5,500,000

$5,500,000

29
Utah
1

$3,370,000

$3,370,000

30
Undisclosed/Other
1

$2,800,200

$2,800,200

31
West Virginia
1

$2,800,200

$2,800,200

32
Vermont
1

$2,500,000

$2,500,000

33
North Dakota
1

$2,000,000

$2,000,000

34
New Hampshire
3

$1,808,000

$602,667

35
Indiana
1

$1,700,000

$1,700,000

36
Louisiana
1

$1,000,000

$1,000,000

37
Mississippi
1

$1,000,000

$1,000,000

39
Kentucky
1

$500,000

$500,000

40
Delaware
1

$263,000

$263,000

41
South Carolina
1

$252,000

$252,000

Total
618

$4,633,892,200

$7,498,207

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

	State	# of Deals	$ Invested	Average Deal $
1	California	240	$1,827,568,000	$7,614,867
2	Massachusetts	74	$687,406,800	$9,289,281
3	Texas	34	$216,958,200	$6,381,124
4	Washington	26	$208,673,800	$8,025,915
5	Pennsylvania	19	$200,990,400	$10,578,442
6	New Jersey	15	$199,957,100	$13,330,473
7	Georgia	24	$197,442,900	$8,226,788
8	Illinois	11	$131,581,000	$11,961,909
9	Maryland	21	$113,425,000	$5,401,190
10	Virginia	17	$96,749,000	$5,691,118
11	New York	26	$88,805,900	$3,415,612
12	Florida	13	$87,182,000	$6,706,308
13	Colorado	15	$83,501,300	$5,566,753
14	Minnesota	7	$79,724,700	$11,389,243
15	Connecticut	8	$75,135,000	$9,391,875
16	Michigan	6	$49,125,400	$8,187,567
17	North Carolina	9	$44,332,200	$4,925,800
18	Rhode Island	2	$43,900,000	$21,950,000
19	Alabama	1	$33,200,100	$33,200,100
20	Wisconsin	7	$32,799,900	$4,685,700
21	Missouri	5	$26,217,100	$5,243,420
22	Tennessee	5	$18,979,000	$3,795,800
23	Oregon	4	$16,824,000	$4,206,000
24	Arizona	4	$14,250,000	$3,562,500
25	Hawaii	1	$12,500,000	$12,500,000
26	Ohio	6	$11,370,000	$1,895,000
27	New Mexico	3	$9,800,000	$3,266,667
28	Maine	1	$5,500,000	$5,500,000
29	Utah	1	$3,370,000	$3,370,000
30	Undisclosed/Other	1	$2,800,200	$2,800,200
31	West Virginia	1	$2,800,200	$2,800,200
32	Vermont	1	$2,500,000	$2,500,000
33	North Dakota	1	$2,000,000	$2,000,000
34	New Hampshire	3	$1,808,000	$602,667
35	Indiana	1	$1,700,000	$1,700,000
36	Louisiana	1	$1,000,000	$1,000,000
37	Mississippi	1	$1,000,000	$1,000,000
39	Kentucky	1	$500,000	$500,000
40	Delaware	1	$263,000	$263,000
41	South Carolina	1	$252,000	$252,000
Total		618	$4,633,892,200	$7,498,207