Same VC volume, same VC herding

<![CDATA[The National Venture Capital Association, PriceWaterhouseCoopers, and Venture Economics released the most recent quarter's venture investing figures, which were roughly the same as the previous five quarters. The growing sector in terms of attracting capital is biotechnology, which only proves that many venture investors follow a few smart ones, putting too much money into a single industry. Business software investment is actually falling, even as we hear all about the economic recovery, which may actually happen by the time an early stage investment made this quarter reaches product launch. Spread that cash around, spread it around. Portfolio theory has real merit, folks.
Here’s the spreadsheet in Excel format that details quarterly investment for the past eight years.]]>