Venture capital investing appears to be back on track, according to The Money Tree survey released by PriceWaterhouseCoopers, Thompson Venture Economics and The National Venture Capital Association, show that investments exceeded four billion dollars for the 5th straight quarter. The new figures show that 667 entrepreneurial companies received four point two billion dollars in the 3rd quarter of this year. Tracy Lefteroff, Global Managing Partner of Venture Capital at PriceWaterhouseCoopers, says that particular industry categories are benefiting most:
�Technology-based companies really dominate venture capital investing. In fact, the most funding which was about nine hundred million dollars this quarter went to biotechnology start-ups involved in areas like therapeutics and drug discovery. Software companies were number two including everything from e-mail software to business applications to Internet security and surprisingly, despite the down-turn there continues to be significant investing in telecommunications and networking companies.�
For the first nine months of this year, over two-thousand companies have received nearly 13 billion dollars in venture capital backing.
CLICK HERE to download a transcript of this story:
https://www.cpwire.com/click.asp?feature=https://216.86.33.66/vencap.doc
CLICK HERE to download a multimedia (MP3) file of this story:
https://www.cpwire.com/click.asp?feature=https://216.86.33.66/vencap.mp3
