Monday, 27 April 2015
Last updated 17 min ago
Oct 26 2006 | 7:16am ET
Venture capital investment in the third quarter fell 8% from the second, according to PricewaterhouseCoopers and the National Venture Capital Association.
In 797 deals, VCs invested $6.2 billion. The prior quarter, $6.8 billion went into 907 deals. VC investing has topped $6 billion all three quarters of 2006 so far.
Seed and early-stage investing rose 10% to $1.2 billion during the third quarter.
“We are at a point in the investment life cycle where many venture capitalists are deploying fresh funds that have been raised within the last 18 months or so,” NVCA President Mark Heesen said. “Thus, VCs are finding themselves at the beginning of a very long runway, betting more on those seed and early-stage companies that they believe will have the most promise five to seven years from now.”
The report also showed that the telecommunications, media and entertainment, and industrial and energy sectors showed an increase in fundraising.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…