After decreasing in 2010 for the first time in a decade, California's share of U.S. venture capital investment increased from 50.3 percent to 51 percent in 2011, according to the PricewaterhouseCoopers/National Venture Capital Association Moneytree Survey. The state's share of total U.S. venture deals also increased from 39.3 percent to 40.2 percent. Massachusetts, the second most active venture capital state, received 10.5 percent of venture dollars and 10.4 percent of deals in 2011. Together, the top five states (California, Massachusetts, New York, Texas and Illinois) received 77.1 percent of all 2011 U.S. venture capital dollars.
To read the full, original article click on this link: Digest for the Week of February 8, 2012