Silicon Valley takes lead in venture capital investment
Tuesday, 12 August 2008
LOS ANGELES, Aug 11 (Xinhua): Silicon Valley and the broader Bay Area, flexing its leadership status in technology during an economic downturn, accounted for a remarkable 40 per cent of venture capital investment in the second quarter this year, it was reported yesterday.
In all, San Francisco Bay Area companies received nearly 2.96 billion US dollars in venture funds during the quarter, out of 7. 38 billion dollars nationwide, according to the quarterly MoneyTree Report published by the San Jose Mercury News.
The proportion was substantially above the region's typical quarterly share, which has hovered near 35 per cent in recent quarters and averaged 32.4 per cent since 1995, according to the report.
In all, San Francisco Bay Area companies received nearly 2.96 billion US dollars in venture funds during the quarter, out of 7. 38 billion dollars nationwide, according to the quarterly MoneyTree Report published by the San Jose Mercury News.
The proportion was substantially above the region's typical quarterly share, which has hovered near 35 per cent in recent quarters and averaged 32.4 per cent since 1995, according to the report.