E&Y and VentureOne just released their quarterly venture capital results today for Q2, and Southern California again topped $1B in investments in the quarter; glancing at the results it looks like we’re still #2 in the nation in terms of venture capital activity, behind Silicon Valley. Dan Primack at PEHub has the spreadsheet breakdowns posted for anyone interesting in dicing and slicing the data. The Los Angeles area had $459.2M in investments; a large chunk of that total was in Information Technology. San Diego followed with $382.05M in investments–interestingly this quarter, there were more IT than healthcare investments there–finally, Orange County saw $176.03M in investments, heavily weighted toward healthcare. (btw, E&Y has a strange breakdown in terms of regions, they lump Southern California’s individual regions into the “Pacific Southwest”, which includes Colorado and Arizona, and lump Silicon Valley’s individual regions into “Pacific Northwest” with Seattle, and Salt Lake City.)
It should be interesting to compare this to the PricewaterhouseCoopers venture capital survey results coming out later this week, where I should be getting much more detailed analysis and breakdowns of Southern California’s trends.