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Silicon Valley still dominates semiconductor-related VC investments |
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Nov 08, 2006 at 09:00 AM |
I finally had a chance to crunch some numbers from the most recent "Money Tree Report" (issued quarterly by Pricewaterhouse Cooper and the National Venture Capital Assn.), which compiles VC investment activity in the U.S.
The results make one thing clear: Silicon Valley still dominates the VC playing field, especially when it comes to new semiconductor companies.
Overall, Sili Valley grabbed 31.85% of total investments for 3Q06, far outdistancing the next wannabe, New England, which managed a sub-double-digit 9.26%. The traditional power tapped almost $1.9 billion in new monies and 250 out of the 797 total recorded deals. When you look at the semiconductor-specific investments (which ranked number 6 on the hit parade of 17 industry categories), Sili Valley's dominance is even more profound.
The legendary tech locale garnered 56.7% of total semi-related venture capital, capturing 23 out of 51 deals and posting a total of $261 million in investments for the quarter. If you add in the other California regions---Los Angeles/Orange County, San Diego, and Sacramento/Northern California---the percentage jumps to a whopping 77.76%.
Stats like these prove that there's still a lot of creative brainpower and entrepreneurial energy pulsing in the Valley.
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