Venture Capital Best since 2001

Venture Capital is the main leading indicator of job growth and strengh in the bay area economy. Also note that 2.52 billion dollars flowed into bay area companies last quarter which represents over 31% of all venture capital in the united states. California accounted for 44% of U.S. venture capital..........

U.S. Venture Capital Investment Reaches Highest Level Since Q1 2001, Rises 8% to $8.07 Billion in Third Quarter of 2007

Venture capitalists continued to put more money to work with entrepreneurial companies, as overall U.S. venture capital investment climbed 8% in the third quarter of 2007 compared to the same period last year to reach $8.07 billion, according to the Quarterly Venture Capital Report released today by Dow Jones VentureOne and Ernst & Young LLP. This marked the ninth consecutive quarter of gradual year- over-year growth in dollars invested and is the highest quarterly investment total since the first quarter of 2001.......

.......Two-thirds of all capital invested in the third quarter -- some $3.81 billion -- was put to work in 224 later rounds, the most invested in late- stage companies since 2001, while combined seed and first round investment remained steady year-on-year at $1.74 billion. These sizable later rounds helped to push the overall median for a venture capital deal in the third quarter to $7.92 million, a new record.

......California dominated the venture capital activity in the third quarter, representing 44% of both the nation's deal flow and its capital invested. ...........................

-AP Newswire

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