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Where did the VCs Go?

August 29, 2008

That is what an article in the Dallas Business Journal asked earlier this month.  Jeff Bounds reported that, “Venture capitalists were AWOL during the second quarter of 2008″ explaining that only $17.3MM was invested by Venture Capital firms in North Texas companies during the second quarter of 2008!  Really?  Only $17.3MM?  Jeff continues by suggesting there were NO first round venture investments in the second quarter.

To be honest, I don’t really believe the numbers.  I suspect there was more than $17.3MM invested in local startups because several startups who I KNOW raised venture capital weren’t included on the list.  Additionally, several active venture capital folks (i.e. relative to market) weren’t even included in the survey.  So what is the real number?  Did anyone raise first round capital for their startup in the 2nd quarter?  If you know the answers, please post!

Written by Alexander Muse · Filed Under Blog, Venture Capital 

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