CED did a nice job putting together a 4 page North Carolina Venture Report on 2007. I'll just point to it here, but I will point out some interesting facts:
- NC-based companies raised $909m in 2007. This positions NC as #7 when stacked up against other states and this is NC's highest ranking ever. It represents a 72% increase over 2006.
- Triangle-based companies raised 87.5% of the venture capital in NC.
- Our firm is part of 3 of the top 6 companies that secured VC in 2007 - Motricity, ChannelAdvisor and Batanga.
Also, this report contains a list of all the VCs that have invested in NC-based companies. This is a good "prospect list" for NC-based entrepreneurs that may want to raise money this year.
Silicon Valley can suck it
Posted by: bob | June 15, 2010 at 09:30 AM
Any recommendations on forums or events that help connect start ups directly with investors and vc's? Streamlined events?
Posted by: Todd Foreman | January 04, 2009 at 04:11 AM
I find two particularly encouraging stats in this report. First, the increase in Seed capital is astonishing. Having recent experiences both on the west coast and some laggard markets, this is the stat that best represents that tone of the business climate. Liquidity in the "faith investments" is a sign that NC is maturing as an investment community. Second, I am glad to see some increasing diversity in the diversity both in industry and investment stage. The more balanced this portfolio gets, the more likely we are to survive market changes, thrive in good times, and encourage new early stage participation, further feeding the cycle.
Besides, the barbecue is lousy on the west coast.
Posted by: Jim Haviland | April 29, 2008 at 03:03 PM
Several months ago it was reported that our Silicon Valley was losing it's status to differnet areas of the country. In particular RTP North Carolina. CED's report shows 87 NC deals out of 3813. That's not even a single digit percentage, actually .022 to be clear. NC entreprenuers should follow me back to California. Does NC stand for No Capital?
Posted by: Silicon Valley visitor to RTP | April 23, 2008 at 10:59 AM