It Doesn't Grow on Trees . . . but the PricewaterhouseCoopers Money Tree site can still help you find the venture capital you need.
By Kurt J. Samson •
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In a recent survey by PricewaterhouseCoopers Money Tree, nearlyevery part of the country set new venture capital records in1999's third quarter. Silicon Valley broke the $3 billion markfor the first time, attracting $3.3 billion. New England rankedsecond with $923 million, while New York Metro, the Southeast andthe DC Metropolitan area rounded out the top five, each capturingmore than $600 million.
Close to $5 billion was invested outside the traditional marketsof Silicon Valley and New England. In all, nine regions attractedmore than $300 million each. Other regions included Colorado,Northwest, Los Angeles/Orange County, Texas and the Midwest.
Some particularly active venture capitalists reported funding 10or more companies, investing $15 million or more in the samequarter.
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