|
|
Table 2
Fledgling Firms Still Command Attention
Venture Capital Investment Activity by Stage of Development
| |
2003 |
|
2002 |
|
| |
Financings |
Investments |
Amount |
Financings |
Investments |
Amount |
| Stage |
# |
% |
# |
% |
$(mm) |
% |
|
# |
% |
# |
% |
$(mm) |
% |
| Early Stage |
351 |
51 |
894 |
58 |
758 |
51 |
|
420 |
53 |
1,008 |
56 |
1,112 |
44 |
| Expansion |
282 |
41 |
579 |
37 |
666 |
45 |
|
291 |
37 |
646 |
36 |
1,263 |
50 |
| Acquisition/Buyout |
14 |
2 |
23 |
1 |
25 |
2 |
|
22 |
3 |
57 |
3 |
75 |
3 |
| Turnaround |
21 |
3 |
29 |
2 |
18 |
1 |
|
42 |
5 |
58 |
3 |
50 |
2 |
| Other |
15 |
2 |
25 |
2 |
19 |
1 |
|
21 |
3 |
25 |
1 |
29 |
1 |
| Total |
683 |
100 |
1,550 |
100 |
$1,486 |
100 |
|
796 |
100 |
1,794 |
100 |
$2,529 |
100 |
Prepared for the CVCA by Macdonald & Associates Ltd.
|
|
