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Article: Venture capital falls.(Wall Street WEST)(investment in early stage companies)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 2, 2005
- Author:
CopyrightCOPYRIGHT 2005 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Venture capital activity in Southern California fell 40 percent in the first quarter to $371 million, a sign investors in early-stage companies pulled back as the overall economy lost steam.
Venture capitalists invested in just 34 deals in Southern California in the first quarter--13 each in Los Angeles and San Diego and eight in Orange County--compared with 51 deals in the first quarter of 2004, according to a report released last week by accounting firm Ernst & Young and VentureOne, a unit of Dow Jones & Co.
Several sectors posted ...