PWC/NVCA venture capital data is out for the first half of 2010. Happily, New England venture investing is moving along with the rest of the US, and nicely increased from the first half of 2009 – when looked at from a first half of the year perspective.
VC $ Invested First Half of the Years
Deal Volume:
First Half VC Deal Volume
But the Q1 to Q2 data shows a different story.
The thing that is interesting to me about the New England data is that NE deal volume stayed flat from Q1 2010 to Q2 from 96 to 95, while the entire of the US was up 740 to 906. Also, the dollar volume in NE was DOWN from $796 million to $581 million, while the US was up $4.87 billion to $6.52 billion.
Why was New England down while the US was up?
It could be partly because all the deals have yet to be reported in New England, but I don’t know if that would explain such a big drop in dollars invested vs. the rest of the US. This also means that the average deal size in NE is also down quite a bit. I know there is a ton of angel investment activity in Boston, which is a great thing, but does this mean the later stage VCs are gone? Anyone have any ideas??
July 16th, 2010 at 3:12 pm
I think that one quarter, taken alone, is too small a sample from which to draw a meaningful conclusion. We are still analyzing Q2 and should have our numbers by the end of the month.
July 16th, 2010 at 4:04 pm
Please let me know once you've got the data on New England – would love to link to it.
July 27th, 2010 at 11:16 am
[...] Insights has a report on a topic I mentioned last week, the decreasing deal sized in New England. The report shows that the “In Q2 2010, the median seed VC deal size in both NY and [...]