More on Southern California’s strength in venture dealflow
July 22nd, 2008 by Benjamin KuoI spent a little time today chatting with Michael Schoenfeld, director for Ernst & Young’s Pacific Southwest venture capital advisory group, about the numbers released from Dow Jones earlier this week on venture activity. We follow this market very, very closely, but it’s always good to get another viewpoint on what’s going on here. Michael pointed out to me that the second quarter was one of the best we’ve had here — you have to go back to 2006 to have another quarter similar to this one in terms of capital raised. He also pointed out that one aspect of the area’s activity has been that our activity is not all in one industry. There’s a healthy mix of industry sectors receiving dollars. Compared with national data, Southern California has been bucking the national trend. All in all, Michael felt it was a very positive quarter for the region.
