"fewer opportunities for venture capitalists to cash out"
Related: VenCap's Empty Vein
Let the looting continue....
"N.E. biotechnology firms get venture capital boost; But overall investment is lower than last year" by D.C. Denison, Globe Staff | July 25, 2009
They can't even get out of the headline with a lie or a but, if, could be, maybe, still, however -- all BAD WORDS according to my COLLEGE WRITING INSTRUCTORS!
Sigh
Biotechnology firms received most of the venture capital that went to New England companies in the second quarter of this year, accounting for $168.7 million, or 36 percent, of the total invested in the region. Medical devices and equipment, the second most active category in New England, brought in $111 million.
Where is the bailout, 'er, investment, in you, 'murkn?
The New England industry breakdown reflected the national trend. The life sciences sector (biotechnology and medical device industries combined) represented 41 percent of all investment dollars and 26 percent of all deals in the three months that ended June 30....
New England was still a distant second behind California’s Silicon Valley, which landed 174 deals totaling nearly $1.2 billion.
Then why is the state allegedly broke?
Venture investment in Silicon Valley companies accounted for 32 percent of venture investment nationwide. However, both regions and the rest of the country are struggling with fewer opportunities for venture capitalists to cash out their investments, according to Mark Heesen, president of the National Venture Capital Association....
That's what the WHOLE OPERATION is ABOUT, cha-ching!!!
The decline mirrored a national downturn in venture funding, as the total number of dollars invested in the United States fell to just under $3.7 billion from more than $7.5 billion during the same period last year.
That's because the PENSIONS have RUN DRY!
“If you think about the economy a year ago - that was before the downturn really started,’’ said Kevin Shaw, a partner in the Emerging Company Services practice at PricewaterhouseCoopers LLP in Boston....
Pffft!
Readers: Slow Saturday Special: Same Time Last Year
Although the data show that venture investment declined dramatically year over year, the second quarter was actually a slight improvement over the previous quarter. In New England, venture investment was up $61.5 million over the first quarter of this year; US venture investment was up $500 million.
Where is your million, 'murkn?
“When your kid’s report card improves from a D to a D plus, it’s hard to get too excited, but that’s where we are,’’ said Heesen. “The numbers are still poor, but they are getting better, slowly.’’
Oh, yeah, recession's over!
--more--"
Slow Saturday Special: Promising BioPure Corrupted and Closed
Biotech Bleeding Massachusetts Dry
Slow Saturday Special: Biotech is a Bust
