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California (ho-hum) Once Again Dominates Quarterly Venture Capital Investments

04/18/2011 — George Lipper, Development Capital Networks

Once again California not only captures half the reported venture capital funds, but crossed the line permitting us to make note of the fact that California attracted more venture capital investments that all other states combined. $3 million or 51% of the money. Massachusetts attracted just under 10% to retain a distant hold on the second rung and New York moves into 3rd place with about 7% of the capital reported to PricewaterhouseCoopers for quarter one.

Texas, New Jersey, Pennsylvania and Washington, who typically follow-on, were next in line.

Eighteen states reported (or didn't bother) failed to score a single dollar and fourteen others recorded less than 1% of the $5.9 billion listed in the Thomson Reuters data, as displayed in the National Venture Capital Association figures.

A cheerful note: The funds invested and reported total about 5% more than last quarter 4/10 and 11% more than the first quarter a year ago.

Nationally, the average deal was just shy of $8 million; with California recording an average $11 million size deal.

Elsewhere in this week's LipperCurrent we've provided a series of links to news stories from various states or cities on how they see the impact of the quarter's local venture reports. As in other quarters it is well to remember that such data fluctuates from quarter to quarter.

While the 'Money Tree' is the most commonly referenced venture capital data, it is well to be aware that it is not the only source quoted and does not claim to be. There are several other sources who have differing methodology and thus produce different outcomes.