Good article in today's N&O about the amount of capital raised by local companies during Q2. The article talks about a rebound in the tech sector. I am still not sure I see that at all levels.
The capital is definitely flowing to companies that have proven themselves with solid revenue traction and have a fairly established management team. These companies are seeking B or C rounds or in some cases, much later in the alphabet. Valuations are also up for companies pretty significantly.
However, we still continue to see a shortage of seed and early stage capital in this market.