Venture money going into San Diego-based companies continued to lag in the second quarter compared with the pre-recession years, with $171 million invested, most of it going to firms connected to the life sciences sector.The latest report from PricewaterhouseCoopers and the National Venture Capital Association showed, for the second quarter, venture investment into area firms was down 24 percent from the first quarter of this year, and down 34 percent from the second quarter of 2009.
Despite the declining dollars, the San Diego region is holding up when compared with many other areas of the country, especially considering the dollars invested in biotech and life sciences firms, said Bill Molloie, partner at PricewaterhouseCoopers.
To read the full, original article click on this link: Venture Capital Investment Declines; Most Going to Life Sciences Sector | San Diego Business Journal
Author: Mike Allen
