Tuesday, March 11, 2008
Los Angeles Makes List of Fastest Growing Regions For Venture Capital
Los Angeles has made a list of the fastest growing regions for venture capital, released today by the National Venture Capital Association. According to the NVCA and PricewaterhouseCoopers, Los Angeles was among the top five regions of the nation in terms of venture capital growth between 1997 and 2007, with a 155% increase in ten year investments in the area. The report named Clearstone Venture Partners, U.S. Venture Partners, Draper Fisher Jurvetson, and Redpoint Ventures as the most active investors in the region, and found that 41 percent of companies in the Los Angeles area covered by the report were in the Seed/Early Stage. Others areas of the country highlighted by the report included New Mexico, Pittsburgh, Seattle, and Washington DC.