Investment research firm CB Insights has released its report on the third quarter of 2010. And the report is very much a mixed bag: overall funding dollars are down, but the number of deals is up. And seed funding in particular, according the report, is strong.
VC funding dipped to $5.4 billion in the third quarter of this year, a five quarter low. But deal activity recorded its second highest tally in 8 quarters. Absence of mega deals, according to the report, hurt the funding total. The report finds that California, Massachusetts, and New York saw a decreased number of deals and the amount of funding (from 70% of funding dollars in the second quarter to 63% in the third quarter), while Washington state saw an increase.
To read the full, original article click on this link: Overall Investment Dollars Down, Says Quarterly Report, But Seed Deals Strong
Author: Audrey Watters
