MoneyTree Venture Capital Profile for California

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in California Companies

By Year

As of 03/31/2008

Year Companies Deals Investment($M)
1998113413887933.7
19991747220923165.1
20002366294043142.1
20011295152616681.1
2002 93010719502.1
2003 93911318548.3
20041046122310246.8
20051126130710973.5
20061270153512814.8
20071329161614591.4
2008 404 4043451.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in California Companies

By Quarter

Qtr Companies Deals Investment($M)
2006-1 347 3493120.3
2006-2 402 4033264.4
2006-3 378 3813237.3
2006-4 401 4023192.9
2007-1 361 3613577.7
2007-2 418 4183673.5
2007-3 409 4133710.4
2007-4 424 4243629.8
2008-1 404 4043451.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in California Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008

No. Sector Companies Deals Investment($M)
1 Software 90 90560.1
2 Media and Entertainment 49 49266.2
3 Medical Devices and Equipment 45 45536.5
4 Biotechnology 44 44481.6
5 Semiconductors 33 33389.6
6 IT Services 29 29253.4
7 Telecommunications 28 28281.4
8 Industrial/Energy 18 18219.9
9 Networking and Equipment 13 13123.3
10 Business Products and Services 13 13 73.9
11 Computers and Peripherals 11 11 86.9
12 Consumer Products and Services 9 9 45.0
13 Retailing/Distribution 8 8 23.4
14 Financial Services 6 6 83.8
15 Other 4 4 12.9
16 Electronics/Instrumentation 4 4 13.7
-Total 404 4043451.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in California Companies

By Internet Related Technology

01/01/2008 to 03/31/2008

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 104 104608.8
2 Internet Software,Services and Tools 65 65566.7
3 Online Communications,Infrastructure and Hardware 31 31267.7
-Total 200 2001443.3

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in California Companies

By Stage

01/01/2008 to 03/31/2008

No. Stage Companies Deals Investment($M)
1Seed11 11 43.0
2Startup109 109575.7
3Oth Early Stage28 28184.0
4Expansion134 1341318.2
5Later Stage122 1221330.8
-Total 404 4043451.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in California Companies

by Top County

01/01/2008 to 03/31/2008

No. County Companies Deals Investment($M)
1 CA-SANTA CLARA 125 1251196.4
2 CA-SAN MATEO 66 66516.0
3 CA-SAN FRANCISCO 60 60508.3
4 CA-SAN DIEGO 40 40455.7
5 CA-ALAMEDA 39 39291.5
6 CA-LOS ANGELES 28 28190.2
7 CA-ORANGE 17 17151.8
8 CA-MARIN 6 6 28.1
9 CA-CONTRA COSTA 5 5 27.2
10 CA-SANTA BARBARA 4 4 7.7
11 CA-VENTURA 4 4 52.5
12 CA-SONOMA 4 4 10.0
13 CA-SACRAMENTO 4 4 8.3
14 CA-PLACER 1 1 0.0
15 CA-SANTA CRUZ 1 1 8.2

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in California Companies

By Major Metro Area

01/01/2008 to 03/31/2008

No. Area Companies Deals Investment($M)
1San Jose 190 1901712.1
2San Fran/Berkeley 111 111855.2
3San Diego Metro 40 40455.7
4Los Angeles 36 36250.4
5Orange County 17 17151.8
6Other US 10 10 26.5
-Total 404 4043451.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in California

By state of Funding Source

01/01/2008 to 03/31/2008

No. Source state Investors Deals
1 California 201 311
2 New York 44 67
3 Massachusetts 35 57
4 Non-US 43 40
5 Illinois 15 22
6 Maryland 10 20
7 New Jersey 9 19
8 Pennsylvania 9 15
9 Connecticut 8 14
10 Washington 8 13
11 Texas 8 11
12 Minnesota 8 7
13 Virginia 4 7
14 Missouri 2 5
15 Colorado 4 4
16 Ontario,(CA) 4 4
17 Utah 2 3
18 Quebec,(CA) 2 3
19 Michigan 2 3
20 D. of Columbia 2 2
21 Arizona 2 2
22 British Columbia,(CA) 1 2
23 Victoria,(AU) 2 2
24 North Carolina 1 1
25 Indiana 1 1
26 Wyoming 1 1
27 Georgia 1 1
28 Wisconsin 2 1
29 Ohio 1 1
30 Queensland,(AU) 1 1
-Total 440 823

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by California Venture Funds

By state of Companies Receiving Money

01/01/2008 to 03/31/2008

No. Target state Companies Deals
1 California 375 376
2 Non-US 59 59
3 Massachusetts 34 34
4 Washington 25 25
5 Texas 19 19
6 New York 12 12
7 Colorado 11 11
8 Virginia 8 8
9 Georgia 7 7
10 Pennsylvania 6 6
11 New Jersey 6 6
12 Oregon 5 5
13 Illinois 5 5
14 Arizona 4 4
15 North Carolina 3 3
16 Connecticut 3 3
17 Utah 3 3
18 Florida 2 2
19 New Hampshire 2 2
20 Maryland 2 2
21 Ohio 2 2
22 Indiana 2 2
23 Minnesota 2 2
24 Ile de France 1 1
25 British Columbia,(CA) 1 1
26 Quebec,(CA) 1 1
27 Delaware 1 1
28 Ontario,(CA) 1 1
29 Nevada 1 1
30 New Mexico 1 1
31 Kansas 1 1
32 Montana 1 1
33 Missouri 1 1
- Total 607 608

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in California

By Year

As of 03/31/2008

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1998 271704.1 8533.9
1999 12712475.7 84679.3
2000 10612482.8 70232.6
2001 171617.7 7640.8
2002 6443.2 3036.4
2003 13865.3 3933.3
2004 415127.8 37539.5
2005 14795.8 3033.2
2006 191677.9 7379.3
2007 323576.5 16319.8
2008 3226.0 930.2

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in California

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2006-1 4178.6 597.3
2006-2 6819.8 3868.5
2006-3 3318.4 1520.5
2006-4 6361.1 1393.1
2007-1 111027.2 4509.0
2007-2 81395.0 5435.0
2007-3 4409.3 1746.2
2007-4 9745.1 4629.5
2008-1 3226.0 930.2
Total 5446473.2 267887.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in California

Most Active Venture Investors

01/01/2008 to 03/31/2008

No. Firm Companies Deals Investment($M)
1Kleiner Perkins Caufield & Bye20 20 74.0
2Benchmark Capital16 16 55.8
3U.S. Venture Partners14 14 36.7
4Sequoia Capital14 14 71.3
5Duff Ackerman & Goodrich LLC (13 13 51.0
6Mayfield Fund12 12 35.2
7Khosla Ventures12 12 42.9
8Draper Fisher Jurvetson (FKA: 11 11 28.4
9Venrock Associates11 11 38.8
10InterWest Partners11 11 34.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in California

Top IPOs

01/01/2008 to 03/31/2008

No. Company IPO DATE Money Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1IPC, Inc. (FKA: In-Patient Con01/25/2008 83.2237.0
2CardioNet, Inc.03/19/2008 81.0414.8
3ArcSight, Inc.02/14/2008 61.8278.5
-All Companies-226.0 930.2

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Profile Created:04/16/2008