Monday, July 30, 2007

Maryland TEDCO Tops National VC List!

Angels Climbing List of Top VC Firms

Every year Entrepreneur magazine identifies the top 100 venture capital firms. And while not every startup needs $1 million or more, an infusion of cash like that is enough to put some on the fast track to high growth. A total of 608 startup and early stage companies got their first round of venture capital last year, according to a special analysis prepared for Entrepreneur of the "MoneyTree Report" by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Financial. On average, each company got $4.8 million, for a combined total of $2.9 billion. Both figures are four-year highs. The listing ranks VC firms by the number of early-stage deals made in 2006. The top five firms were: Maryland Technology Development Corporation (22 deals in 2006); Draper Fisher Jurvetson (19); Tech Coast Angels (17); New Enterprise Associates (13); and Khosla Ventures (12) tied with Sequoia Capital (12). Tech Coast Angels, the largest angel investor network in the US, came in at the top for late stage companies with seven deals in 2006.

View the full list of Entrepreneur's 2007 Top 100 Venture Capital Firms.

© 2007 The Public Forum Institute and the National Dialogue on Entrepreneurship www.publicforuminstitute.org/nde.

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