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: Legal Pad | LARecession hits venture capital funding hard, with some hopeful glimmers
By Richard Binder
Story in the LA Times today says the recession has pummeled venture capital funding down to pre-dotcom boom levels. This, of course, is no surprise to most California firms. But the article goes on to shed a little positivity on the subject, suggesting that the lack of funding may weed out those companies who ultimately don't deserve the capital. And, according to Ernst & Young's Mike Schoenfeld, some SoCal numbers are up from the end of 2008: total funding to Los Angeles firms rose 35% to $150 million from the fourth to first quarter, and six of the eight largest deals were in the healthcare sector involving five California companies.
Click here for the full story.
Full post as published by Legal Pad | LA on April 20, 2009 (boomark / email).
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