Keeping Track: Venture-capital flow

Tech-based startups see a surge

Record amounts of venture capital gushed into businesses in the first quarter of 2000.

A PricewaterhouseCoopers Money Tree Survey released today shows $17.2 billion was invested in entrepreneurial ventures in the first quarter, quadrupling the $4.3 billion recorded during the same time in 1999. Tech-based companies racked up $16 billion of these investments, accounting for 93 percent of the total.

The number of companies receiving funding also increased: 1,423 compared with 732 companies in last year's first quarter.

Venture capitalists gave businesses an average of $12.1 million, versus $5.9 million a year ago. While experts say returns on investments for formative-stage companies won't come around for another year or two, they still received more funding than established firms, grabbing $7.7 billion.

Venture Capital Investements (in millions of dollars)

Sector 1995 2000

Internet-related companies $ 12 $ 10,761

Business-services industry 9 3,306

New Media 20 1,030

Networking and equipment industry 4 11,047

Telecommunications industry 14 53,005

Retailing and distribution industry 133 901

(c) Copyright 2000. The Christian Science Publishing Society

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK