For Silicon Valley, 2008 and 2009 were years of reckoning and transformation. The financial turmoil that seized the global economy hammered the venture capital industry, bringing a sharp decline in dollars and deals.
But after a steep drop in the first half of 2009, venture deals rebounded modestly in the second half and featured an encouraging resurgence in early stage investments. The pattern underscored recent surveys of venture capitalists that suggest the industry is approaching a new sense of equilibrium and confidence.
Nationwide, venture investments totaled $17.7 billion in 2009, the lowest since 1997 and down from $28 billion in 2008 and $30.5 billion in 2007. The MoneyTree Report, a quarterly review
To read the full, original article click on this link: Venture capital deals rebounding amid new optimism - San Jose Mercury News
Author: Scott Duke Harris
