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A little more venture money (1.5%) financing a lot more deals (25%) highlights the second quarter Money Tree report. But the batting order remains the same with California and Massachusetts batting clean-up while the usual bench warmers await a chance to get to play:
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California, of course, continues to capture the lion’s (aardvark’s and zebra’s, too) share of reported venture capital investments, both in terms of dollars invested and number of firms on the receiving end of those distribution, although, it still did NOT cross the 50% line. 397 California firms, 40% of all the companies obtaining venture capital, grabbed 3 ½ billion dollars (48.8%).
In terms of the number of venture deals, Massachusetts was second, followed by Washington, Pennsylvania, Texas, New York, New Jersey, Colorado, Maryland and Virginia in that order. New Mexico showed up 11th. It's interesting to note that the top ten list of deals/per/state differs from the top ten in dollar, perhaps indicating which states are beginning to give more attention to seed and early stage, smaller by definition, investments.
In terms of dollar amounts, Massachusetts was also second, followed by Texas, Washington, New York, Jersey, Pennsylvania, Colorado, Minnesota and Virginia, rounding out the top ten.
Courtesy of the PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Financial, here’s the state-by-state report with a comparison to the second quarter of 2006 and the first quarter of this year:
State by State Venture Capital Distirbution Q2 2007 Compared to Q1-07 & Q2-06
As consistently as the California/Massachusetts duo feed at the top of the food chain there is a list (eight this quarter) who lacked any vc nourishment from April thru June: Alaska, Arkansas, Idaho, Montana, North Dakota, Nebraska, South Dakota and Wyoming, which is actually a statistical step forward from a dozen states that missed out in the first quarter and a baker’s dozen a year ago.
We remind NetNews readers that participation in the Money Tree report relies on voluntary reporting and that some deals my go undetected