A report released over the weekend by Dow Jones VentureSource finds that venture capital investments in the U.S. dropped to $5.1 billion in 616 deals, down 38 percent year to year from the $8.2 billion and 663 deals reported in Q3 of last year. The results point to what the VentureSource calls "the worst investment year since 2003." According to the tally of venture capital investments, results were down 6% from Q2. Were there any bright spots? Dow Jones reports that Web 2.0 investments nearly doubled from first quarter, driving information services to $627M invested in 86 deals, an 11% increase from Q3 of last year. Dow Jones VentureSource said that it totaled $458M in 66 deals in Southern California, which it says was 48% less than last year.
Top NewsMonday, October 19, 2009
Dow Jones: Venture Investments Drop To $5.1B In Q3