January 17, 2009 |
Venture capitalists slammed shut their wallets during the last three months of 2008, investing 45% less in Southern California start-ups than during the same period a year earlier, according to a report scheduled for release today. The sharp fourth-quarter decline, to $422 million from $764 million, turned what was expected to be a full-year gain into a loss, according to the Dow Jones VentureSource report. Venture funding to the region's businesses in 2008 fell 20% to $3.2 billion.
January 6, 2009 |
The recession brought the U.S. market for initial public stock offerings to a halt in the fourth quarter, closing the worst year for IPOs since 1977, the National Venture Capital Assn. said Monday. No companies backed by venture capitalists went public in the fourth quarter, and only six staged IPOs in all of 2008, the association said. Emerging businesses also had trouble merging with larger companies, with just 37 venture-backed firms selling themselves in the fourth quarter.
October 18, 2008 |
Young technology companies across Southern California and Silicon Valley are scaling back growth plans or laying off employees to brace for a potential drought of venture capital funding as the global economic crisis spreads. They have received warning from investors that there's less money to go around as tough conditions in the financial markets make it more difficult to cash in through acquisitions or initial public offerings. Already, investors pumped 7% less money into young companies during the third quarter than they did in the same period last year, according to a report released today by Dow Jones VentureSource.
October 14, 2008 |
Venture capitalists raised 5.5% less money from institutional investors in the third quarter than they did in the same period last year, the National Venture Capital Assn. said Monday. Investors including pension funds and endowments put $8.12 billion into funds that invest in start-up companies, compared with $8.6 billion a year earlier. The number of new venture funds fell by 29% to 55, the Arlington, Va.- based trade group said. Most of the decline came before the Sept.
July 19, 2008 |
A large investment in a renewable energy firm helped Los Angeles-area companies record a 33% jump in venture capital funding in the second quarter, bucking the national downward trend, according to a report scheduled for release today. The greater Los Angeles region received $415 million in investment, compared with $313 million in the same period last year, research firm Dow Jones VentureSource said.
June 20, 2008 |
Matt Cohler, a senior Facebook Inc. executive and one of the early employees of the social networking phenom, is leaving to become a general partner with Benchmark Capital. The departure comes at a crucial time for Facebook, which has risen to become one of Silicon Valley's hottest companies. Microsoft Corp. and other investors last year gave the 4-year-old venture a $15-billion valuation.
April 19, 2008 |
After a strong showing last year, venture capital investments in greater Los Angeles slid 49% in the first quarter, according to a report scheduled for release today. Venture capitalists poured $202.3 million into companies based in Los Angeles, Orange, Riverside and San Bernardino counties, down from $395.6 million during the same period last year, research firm Dow Jones VentureSource said.
April 7, 2008 |
In recent months, some start-up technology companies have died or gone into comas after running out of money, a possible early sign that the resurgence in venture investment may be coming to an end. File123 is counting its days. Edgeio was edged out. TripUp has fallen. BrightSpot went dark. Firebrand flamed out and Ezmo is no more. Industry analysts say this year will bring a big wave of start-up deaths as the credit crisis gripping the financial markets makes investors cautious in other areas.
January 22, 2008 |
Venture capital investments in companies based in Southern California fell 25% in the last quarter of 2007, according to a report scheduled for release today. The fourth-quarter slump touched almost all sectors except electronics, communications and networking, the report from Dow Jones VentureSource said. Particularly hard-hit were semiconductor start-ups, which received $15 million, an 88% drop from $115 million in the same quarter in 2006.
January 19, 2008 |
Venture capital investments in U.S. start-ups climbed to a six-year high of $29.4 billion in 2007, raising hope that ample money will be available to back promising new ideas even if the staggering economy falls into a recession. The amount of venture capital spread across 3,813 deals represents the industry's busiest year since $40.6 billion went into nearly 4,500 U.S.