|
|
"A comprehensive, collaborative elections resource."
|
Venture capital falls to 16-year low in Michigan
|
|---|
| Parent(s) |
Container
|
| Contributor | RP |
| Last Edited | RP Jul 21, 2011 12:21pm |
| Logged |
0
|
| Category | Report |
| Author | KATHERINE YUNG |
| News Date | Wednesday, July 20, 2011 06:20:00 PM UTC0:0 |
| Description | Venture capital investment in Michigan companies during the first six months of 2011 plunged to its lowest level in 16 years, according to new data released today by the National Venture Capital Association.
Michigan-based companies attracted only $17.2 million from venture capital firms in this year's first half, down 80% from the $86.6 million raised in the year-ago period, according to the MoneyTree Report from the NVCA and Price-waterhouseCoopers. The last time venture capital investment levels were this low was in 1995, when $10.4 million was invested in four companies.
The sharp drop comes even as venture capital investment nationwide increased in the first half of this year, rising 12.2% to $13.8 billion from $12.3 billion during the first six months of 2010. In the second quarter alone, $7.5 billion was invested, the highest quarterly amount since the second quarter of 2008. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
