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MoneyTree™ Finds VC Still Rising
Despite the stock market's rocky ride last Spring, the PricewaterhouseCoopers MoneyTreeTM survey for the second quarter of 2000 found investments of $19.58 billion, climbing 14 percent over the first quarter results. The total number of deals only rose by one percent to 1,432, resulting in the average investment size growing by 13 percent to $13.67 million.
The stock market or the maturation of the Internet business sector may explain one phenomenon in this quarter's results: total investments in Internet companies were relatively flat while deals with technology companies overall continued to climb. Internet companies, representing 68 percent of tech-related funding in the first quarter of 2000, captured 63 percent in the second quarter. According to the MoneyTreeTM report, three categories of Internet companies saw decreases in investments over the last quarter: content sites, business-to-business e-commerce sites, and business-to-consumer e-commerce sites.
SSTI has prepared the accompanying table presenting the 2nd quarter results on a state-by-state basis. The state distribution for previous quarters can be found in the Digest subject index under "Venture Capital."
Complete MoneyTreeTM survey results can be found at: http://www.pwcmoneytree.com