DC Venture Capitalist Report – Q2 2011 Edition

August 18, 2011

2:00 pm

What has the DC VC world been up to lately? Well according to the PWC MoneyTree survey, the venture capitalists with offices in the DC region have continued to steadily invest.  At least that is true for the VCs who still exist.  According to prominent blogger and venture capitalist Mark Suster, in the last 10 years we’ve gone from 2,500 venture capital firms down to about 700.

Among the active firms not making investments this quarter were Valhalla, New Markets Ventures and JMI. Meanwhile, DC has lost at least 7 firms including, FBR, Monumental, Fairfax Partners, eCentury, Winston Partners, Blue Water, Mid-Atlantic – all of these firms have either closed their doors or exited the venture funding side of their practices.

In the last 4 quarters, 19 VCs with DC offices have placed new investments.  In Q2, 15 firms made investments, including Silicon Valley and DC-based NEA, NJ-based Edison Ventures and Colorado-based Boulder Ventures.

Firm Deals Local
ABS 2 0
Boulder 2 0
Columbia 4 3
Edison 2 1
Grotech 6 3
Kinetic Ventures LLC 5 0
New Enterprise Assoc (NEA) 20 3
New Atlantic Ventures 4 1
Novak Biddle 7 4
Questmark 2 0
Third Security 2 2
Updata 1 1
Total 66 27

Q2 saw a slight increase in deals funded by local VCs, as the total of 66 deals this quarter was slightly over the 63 deals in Q1.  Local investments by local VCs was up to 27 deals over 23 in Q1. Funding in DC continues to tread water and survive, if not thrive. Angel investment activity appears up and yet the strong markets of Silicon Valley and New York are pulling away from the rest of us also-rans.


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Glen Hellman (@glehel), is an angel investor, serial entrepreneur, and works for venture capitalists as a turn-around specialist. He is the Chief Entrepreneureator at Driven Forward LLC, frequently muses on his blog, Forward Thinking, and works with entrepreneurs to help them figure out what to do and get them to do it.

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