VC investments in Internet Companies Goes Down in Second Quarter
Authored by Jay Baage on August 6, 2007 - 9:18am.
New York. Venture Capital investments in internet-specific companies amounted to $897 million (160 deals) in the second quarter, down from $1.4 billion (177 deals) in the first quarter. This is according to a new data from PricewaterhouseCoopers and the National Venture Capital Association, writes GigaOM.
As a total, however, the level of VC investment is up. Venture capitalists invested $7.1 billion in 977 deals in the second quarter of 2007, which is the highest level of deals reported in a quarter since Q3 2001. Based upon the first half of 2007 data, this year may see a new 6-year high in VC investment.
Related Links: https://www.pwcmoneytree.com/MTPublic/ns/index.jsp http://gigaom.com/2007/08/06/vc-investments-hitting-new-highs/
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