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Article: San Diego had 36 more VC deals than Orange County in first half of '07.(FINANCE)(venture capital)
- Article from:
- San Diego Business Journal
- Article date:
- July 30, 2007
- Author:
CopyrightCOPYRIGHT 2007 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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Ernst & Young LLP and Dow Jones released venture investment statistics for the first half of 2007 on July 23, showing Southern California, including San Diego, on track for hitting deals and dollars not seen since 2001.
Thus far in 2007, San Diego reported 56 deals closing, trailing Los Angeles with 70, but towering over Orange County at 20.
However, in terms of dollars, San Diego is on track to break a billion dollars in the third quarter, reporting $994 million for its 56 deals. Los Angeles had $887 million and Orange County, $271 million.
Mike Schoenfeld, partner at Ernst & Young and the firm's director for venture capital advisory in the ...