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Empty Pockets

The first quarter of 2012 was the best quarter in more than four years for software and Internet company IPOs, according to a new report.

But in the aftermath of Facebook’s much-hyped and problematic IPO, can the momentum continue?

Tech-focused Silicon Valley law firm Fenwick & West has released a report called “Trends in Terms of Venture Financings in Silicon Valley” for the first quarter of 2012. The report examined 114 companies headquartered in Silicon Valley that reported raising money in the quarter one 2012. It compiles funding and investment information from  Dow Jones VentureSource, Thomson Reuters, the National Venture Capital Association, and Fenwick & West’s Venture Capital Barometer.