Benjamin Kuo’s Blog

Ernst & Young and VentureOne announced today that Southern California had $1.1B in venture capital deals in Q1, confirming the earlier numbers we reported at the beginning of the quarter. Among the more notable items from this morning’s report: this is the first time Southern California has topped $1B in investments since 2000; and this is the third quarter we’ve beat New England. PricewaterhouseCoopers releases their MoneyTree report tomorrow, which should show similar results.

Some other notes:

• The Bay Area saw $2.0B in deals, making Southern California around half the size of Silicon Valley in terms of dollars
• Southern California represented roughly 16% of the total nationwide dollars invested for the quarter
• California as a whole represented 44% of deal flow, and 48% of the capital invested

This entry was posted on Monday, April 23rd, 2007 at 8:37 am and is filed under Venture Capital. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.