3rd Quarter 2002 Moneytree Venture Capital Survey Results

3rd Quarter 2002 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

Links to survey results by state for previous quarters

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

STATE
# OF DEALS

$ INVESTED

AVERAGE
DEAL

California
222

1,846,138,000

8,315,937

Silicon Valley

161

1,376,588,000

8,550,236

Los Angeles/Orange Co.

32

270,264,000

8,445,750

San Diego

25

170,286,000

6,811,440

Sacramento/Northern CA

4

29,000,000

7,250,000

Massachusetts
69

514,000,000

7,449,275

Texas
38

270,943,000

7,130,079

New York
36

234,000,000

6,500,000

North Carolina
25

190,000,000

7,600,000

Maryland
21

164,000,000

7,809,524

Florida
15

148,000,000

9,866,667

Washington (state)
28

135,000,000

4,821,429

Minnesota
10

131,000,000

13,100,000

Virginia
26

96,000,000

3,692,308

Georgia
18

84,000,000

4,666,667

New Jersey
19

82,000,000

4,315,789

Missouri
10

81,000,000

8,100,000

Arizona
7

69,000,000

9,857,143

Pennsylvania
19

66,000,000

3,473,684

Delaware
1

50,000,000

50,000,000

Oregon
7

48,000,000

6,857,143

Colorado
13

44,658,000

3,435,231

Tennessee
7

38,000,000

5,428,571

Connecticut
11

35,000,000

3,181,818

Illinois
7

26,000,000

3,714,286

New Hampshire
6

22,000,000

3,666,667

Rhode Island
2

22,000,000

11,000,000

Wisconsin
2

16,000,000

8,000,000

Ohio
4

14,000,000

3,500,000

West Virginia
3

13,000,000

4,333,333

Michigan
6

12,000,000

2,000,000

Alabama
2

8,000,000

4,000,000

Indiana
2

6,000,000

3,000,000

Utah
3

4,000,000

1,333,333

Mississippi
1

3,000,000

3,000,000

Louisiana
1

2,000,000

2,000,000

Kansas
2

1,000,000

500,000

Puerto Rico
1

1,000,000

1,000,000

Vermont
2

1,000,000

500,000

Washington, DC
1

164,000

164,000

TOTAL
647

4,477,903,000

6,921,025

SSTI's Tables (not reconciled since the mergers in 1Q, 01 and 4Q, 01)

2002
Second Quarter not available
First Quarter

2001
Fourth Quarter
Third Quarter
Second Quarter
First Quarter

2000
Fourth Quarter
Third Quarter
Second Quarter
First Quarter

1999
Fourth Quarter
Third Quarter
Second Quarter
First Quarter

1998
Fourth Quarter, 1998
Third Quarter, 1998 (presented by region)
Second Quarter, 1998 -- not available
First Quarter, 1998 (presented by region)

1997
Fourth Quarter, 1997
Third Quarter, 1997 (presented by region)
Second Quarter, 1997 (presented by region)

1996
1996 Total (presented by region)

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
California	222	1,846,138,000	8,315,937
Silicon Valley	161	1,376,588,000	8,550,236
Los Angeles/Orange Co.	32	270,264,000	8,445,750
San Diego	25	170,286,000	6,811,440
Sacramento/Northern CA	4	29,000,000	7,250,000
Massachusetts	69	514,000,000	7,449,275
Texas	38	270,943,000	7,130,079
New York	36	234,000,000	6,500,000
North Carolina	25	190,000,000	7,600,000
Maryland	21	164,000,000	7,809,524
Florida	15	148,000,000	9,866,667
Washington (state)	28	135,000,000	4,821,429
Minnesota	10	131,000,000	13,100,000
Virginia	26	96,000,000	3,692,308
Georgia	18	84,000,000	4,666,667
New Jersey	19	82,000,000	4,315,789
Missouri	10	81,000,000	8,100,000
Arizona	7	69,000,000	9,857,143
Pennsylvania	19	66,000,000	3,473,684
Delaware	1	50,000,000	50,000,000
Oregon	7	48,000,000	6,857,143
Colorado	13	44,658,000	3,435,231
Tennessee	7	38,000,000	5,428,571
Connecticut	11	35,000,000	3,181,818
Illinois	7	26,000,000	3,714,286
New Hampshire	6	22,000,000	3,666,667
Rhode Island	2	22,000,000	11,000,000
Wisconsin	2	16,000,000	8,000,000
Ohio	4	14,000,000	3,500,000
West Virginia	3	13,000,000	4,333,333
Michigan	6	12,000,000	2,000,000
Alabama	2	8,000,000	4,000,000
Indiana	2	6,000,000	3,000,000
Utah	3	4,000,000	1,333,333
Mississippi	1	3,000,000	3,000,000
Louisiana	1	2,000,000	2,000,000
Kansas	2	1,000,000	500,000
Puerto Rico	1	1,000,000	1,000,000
Vermont	2	1,000,000	500,000
Washington, DC	1	164,000	164,000
TOTAL	647	4,477,903,000	6,921,025