Home | Business News | Browse by Publication | S | San Diego Business Journal

Taking stock: cash flow to area startups slows.

Publication: San Diego Business Journal
Publication Date: 27-OCT-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Venture capital investments in local startups fell much faster than the national average last quarter, dragged down by a steep falloff in biotech deals, according to the latest report by accounting firm PricewaterhouseCoopers.

Twenty-two startups received $178 million in funding for the third quarter ending Sept. 30, a 52 percent drop from the previous quarter and 57 percent drop from the third quarter of 2007.

Most of the decline came in life sciences, which received only $26 million compared with $158 million in the second quarter and $211 million in the third quarter of 2007, says the report.

"Although the current quarter investments are down, which can be impacted by the timing of the transactions, San Diego continues to be a leader in the life science community given its prestigious research institutes and rich history of biotechnology successes," said Vanessa Herbert, senior manager in the...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from San Diego Business Journal
Defense industry wonders where spending is headed., October 27, 2008
Slowdown in health insurance rate increases only relative: consultant:..., October 27, 2008
Microsoft files suit against four local companies: complaints allege s..., October 27, 2008
Psomas garners $600k contract for trail design.(VISTA), October 27, 2008
Procopio, Cory, Hargreaves & Savitch.(LAW), October 27, 2008

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.