I attended the PricewaterhouseCoopers Shaking the MoneyTree breakfast here in NC this morning. The breakfast is exclusively for investors and entrepreneurs. I'm really not a fan of drawing too many conclusions from one quarter's worth of data so here is the full presentation so you can look at longer term trends: Download pwc_may_rtp_presentation.ppt Thanks to PWC for letting me post this. I am running off to a meeting, but here are some quick highlights for the most recent quarter:
National: $7.1 billion was invested into 853 companies during Q1. This is the highest level for both since 2001.
Southeast: For Q1, the Southeast represented 8.2% of venture capital dollars raised. That is 100% growth over a year ago. Here is a breakdown over the last year:
- Q1 '06 4.1%
- Q2 4.3%
- Q3 5.1%
- Q4 6.1%
- Q1 '07 8.2%
North Carolina: Two deals (InnerPulse and Motricity) in NC totaling $100 million had a very dramatic effect on the stats for the past quarter. The result is that North Carolina was #6 on the list of top 10 states grabbing venture funds in Q1 '07 with 16 deals totaling almost $225 million! That was the highest number for NC since Q1 2001. NC was really close to being ahead of NY this past quarter and was in front of PA, FL, IL and NJ.
UPDATE: Thanks to PWC in Atlanta for forwarding me their presentation for Q1: Download pwc_may_atlanta_presentation.ppt
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