CED News

Third quarter statistics on venture capital (just released by PricewaterhouseCoopers) have been released and they contain some good and bad news. The good news is venture capital investments hit an all-time record $9 billion in this period. On the downside, much of this boom is restricted to Silicon Valley (which gets 40 percent of all venture capital investment) and Internet-related businesses. While this heavy concentration of investments worries some observers, trends are moving in the right direction. Silicon Valley still consumes the most venture capital ($3.3 billion in the third quarter), but nearly every part of the country set new venture capital records. In all, nine regions, including Colorado, the Midwest, the southeast, and Texas, attracted more than $300 million each.