News: Portfolio 2008

Fastest Growing Regions for Venture Capital Investment Lie Outside Silicon Valley

Venture Capitalists Finding Opportunities in “Unexpected” Pockets

New York, March 11, 2008 – While Silicon Valley and New England remain the country’s leading regions for venture capital investment, they are not the fastest growing, according to The MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association (NVCA) based on data by Thomson Financial. In the last ten years, smaller pockets in nontraditional venture capital regions have enjoyed impressive growth in the number of companies funded each year. Included in this ranking are areas such as New Mexico and Pittsburgh, which have not had a strong venture capital presence in the past but have recently shown notable signs of growth. Additionally, the ranking included larger metropolitan areas such as Seattle, Los Angeles, and the Washington DC metro area, which have been quietly growing their venture base over the last ten years. None of these up-and-coming areas