Table 8
Variety of Instruments Being Used
Venture Capital Investment Activity by Form of Investment
|
1999 |
|
1998 |
|
|
|
Companies* |
Investments |
|
Companies* |
Investments |
|
| Form of Investment |
# |
% |
# |
% |
|
# |
% |
# |
% |
|
|
|
|
|
|
| Common shares |
306 |
30 |
481 |
30 |
|
326 |
31 |
513 |
34 |
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred shares |
72 |
7 |
116 |
7 |
|
57 |
5 |
78 |
5 |
|
| Convertible preferred shares |
87 |
9 |
206 |
13 |
|
59 |
6 |
114 |
7 |
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred and Common shares |
31 |
3 |
40 |
2 |
|
30 |
3 |
37 |
2 |
|
|
|
|
|
|
|
|
|
|
|
|
| Subordinated debt |
155 |
15 |
212 |
13 |
|
232 |
22 |
299 |
20 |
|
| Convertible debt |
83 |
8 |
148 |
9 |
|
146 |
14 |
258 |
17 |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt |
|
|
|
|
|
|
|
|
|
|
| with Common shares |
108 |
11 |
134 |
8 |
|
110 |
10 |
115 |
8 |
|
| with Preferred shares |
14 |
1 |
16 |
1 |
|
9 |
1 |
9 |
1 |
|
| with Both |
8 |
1 |
10 |
1 |
|
3 |
0 |
3 |
0 |
|
| Other |
148 |
15 |
249 |
15 |
|
92 |
9 |
103 |
7 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
1,012 |
100% |
1,612 |
100% |
|
1,064 |
100% |
1,529 |
100% |
|
| * Exceeds the number of companies actually financed because in some instances, |
| two or more investors participated using a different |
|
| instrument or mix of instruments, and are counted separately. |
|
Prepared for the CVCA by Macdonald & Associates Limited
|
|
