Larta's latest investment study finds continual downward trend for 2002

by Ketaki Sood, Larta Research Economist

The nationwide venture capital and technology industries are struggling to regain their former momentum as the decline in venture capital in 2002, whether measured in dollars or number of investments, was of massive proportions. These are some of the findings out of Larta's annual publication on Southern California's venture capital industry, The Sand Dollar Report 2003, which will be premiered at an Economic Research Briefing this Thursday.

Source: PwC/VE/NVCA MoneyTree data aggregated by Larta
Copyright 2003 by Larta - the think tank for technology businesses

Southern California's venture capital figures mirrored the drop in venture capital spending that occurred nationally in 2002 and continues to decline going into 2003. Early stage funding in Southern California--and elsewhere in the country--predictably declined precipitously in 2002, as the overall investment mix shifted towards expansion stage companies, and second and later rounds increasingly dominated venture capital investments in the region.

The Sand Dollar Report features data from the MoneyTree Survey by Pricewaterhouse Coopers/Venture Economics/National Venture Capital Association and includes:

· Updated data on Southern California's venture capital industry

· Analysis of Southern California's venture capital industry, including:
-Changes in the landscape of Southern California's venture capital industry
-Sectoral distribution and location of venture capital investments in the region
-Venture capital investments by stage of company
-Comparison of Southern California's venture capital industry with other major venture capital regions

· Interviews with leading venture capitalists in the region

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