money, honey

We've seen signs of life in the VC community before, and despite a tenuous series of economic reports. But, mainline NYTimes reports that there's lots of activity in this item: The Rreturn of the Venture Capitalists. The snip:

Investments by venture firms rose 22 percent in the second quarter of this year, to $5.8 billion, from $4.7 billion a year earlier, according to the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association.

For all of 2004, analysts project an 11 percent increase in investments, to $20 billion, from $18 billion in 2003.

The article also says that VCs are, although getting more aggressive, still circumspect and discriminating among investments. Notably though, at least according to this report and story, they're doing a little early stage investing -- which is more recent.

Posted by Grayson at September 3, 2004 06:51 AM