Silicon Valley Venture Capital Survey Shows Weak Q2

Law360, New York (August 10, 2009, 4:40 PM EDT) -- Down rounds exceeded up rounds among Silicon Valley-based technology and life science companies that raised venture capital in the second quarter of 2009, according to a newly published survey.

Down rounds, in which companies drop their share price compared with the previous round, exceeded up rounds by 46 to 32 percent with 22 percent flat, the survey of 89 companies showed.

The survey noted a slight improvement over the first quarter of 2009.

“The first quarter was not good. The second quarter was another down quarter,”...
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