April 24th, 2005
US venture investments down 16% in Q1 2005
Seattle Post-Intelligencer looks at the VentureOne and Ernst & Young report on venture investments and breaks the news of 16 Washington state startups getting $106 mln worth of funding in Q1 2005. This is a 56% decline compared to Q1 2004, when 23 companies got funded with $241 mln. Nationally, investments declined 16%, in part because of a lack of interest in health care and biotechnology deals.
Alex is a software engineer in the San Francisco Bay Area. ITFacts is created and updated by a group of statistics-obsessed individuals.
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