When venture capital funding to Silicon Valley startups slowed in the first quarter of this year while the flow of dollars to other regions picked up, industry analysts said it was no cause for alarm -- just a little geographical fluctuation.
And how. The valley's lackluster first quarter, it turns out, set the stage for a rousing rebound. With cleantech and life sciences setting the pace, Bay Area startups received a remarkable 45 percent of $6.5 billion in venture capital invested nationwide during the quarter, compared with 32 percent of $4.9 billion in the previous three months. In recent years, the region has typically collected one-third to 40 percent of venture dollars.
The Bay Area's $2.9 billion in funding was up 91 percent from the previous quarter and more than 100 percent from a year ago, with big cleantech deals as the top investments. Nationwide, funding into cleantech -- a sector that crosses various tech sectors -- increased 107 percent over the previous quarter to $1.5 billion.
To read the full, original article click on this link: Venture funding up for valley startups - San Jose Mercury News
Author: Scott Duke Harris
