It Doesn't Grow on Trees

In a recent survey by PricewaterhouseCoopers Money Tree, nearly every part of the country set new venture capital records in 1999's third quarter. Silicon Valley broke the $3 billion mark for the first time, attracting $3.3 billion. New England ranked second with $923 million, while New York Metro, the Southeast and the DC Metropolitan area rounded out the top five, each capturing more than $600 million.

Close to $5 billion was invested outside the traditional markets of Silicon Valley and New England. In all, nine regions attracted more than $300 million each. Other regions included Colorado, Northwest, Los Angeles/Orange County, Texas and the Midwest.

Some particularly active venture capitalists reported funding 10 or more companies, investing $15 million or more in the same quarter.

The Money Tree site includes the latest survey findings in their entirety, as well as a virtual one-stop shop for anyone interested in learning more about venture capital funding. Find out who's investing and what kind of companies they're interested in backing at www.PWCMoneyTree.com.

If you're a VC newbie, don't fret: From the Money Tree site, click over to the Entrepreneurial Resource Center for advice on seeking funding, and sample business plans, templates and spreadsheets.