Worst Period for Brand New Deals in 15 Years
The first nine months of this year mark the worst nine-month period for brand new VC investments in 15 years. This week’s Money Tree report showed that overall VC investment rose slightly from Q2 to Q3, but the picture is much bleaker if you focus on brand new deals, i.e. first-round financings. VCs invested a total of $2.19 billion in 462 first-round deals in the first nine months of this year (see chart below). To find another nine-month period equally as bad, you have to go back to the third quarter of 1994 to the first quarter of 1995, when VCs invested a total of $1.77 billion in 480 first rounds.
21 October 2009•1 min read
