Monday, April 21, 2008

Venture Capital Investments See Decline In Q1

PricewaterhouseCoopers and the National Venture Capital Association released their MoneyTree venture capital report over the weekend, reporting that venture capital activity dropped to $7.1B in 922 deals nationwide for the first quarter of 2008. The investment activity dropped from Q4, when $7.8B was invested in 1045 deals. According to the PwC and NVCA report, based on data from Thomson Reuters, 11 of the 16 industries tracked by the survey saw a decrease in levels of investments, and 14 of the 16 saw a decreased deal volume. Dow Jones VentureSource, which also released its quarterly venture capital numbers, totaled $6.84B in deals in 603 deals, with a 7% drop quarter to quarter. Neither group released numbers covering the Rocky Mountain region as defined by this publication, however PwC/NVCA did report that Colorado had $297.7M in 26 deals for the quarter.