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Useful Stats: 1st Quarter VC Data by State
After holding steady in late 2001, the amount of venture capital investment continued its two-year decline in the first quarter of 2002, according to the PricewaterhouseCoopers/Venture Economics/National Venture Capital Association MoneyTree™ Survey. Total investments fell to $6.2 billion — a 24 percent decrease from the fourth quarter of 2001. A total of 787 companies received venture backing, or 207 fewer than the prior quarter.
All leading industries experienced declines, the survey shows. The software, networking and biotechnology industries received the most capital, respectively capturing $1.1 billion, $899 million and $752 million in first quarter investments.
The first quarter 2002 MoneyTree™ survey results are available on three websites:
http://www.pwcmoneytree.com, http://www.nvca.org, and http://www.ventureeconomics.com.
In addition, SSTI has prepared a table <http://www.ssti.org/Digest/Tables/051702t.htm> to present MoneyTree™ results by state, including data for the number of deals, total amount invested, and average deal size.