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Top VC Recipients of 2009 (so far)
- yesimahuman 17y agoIt's nice to see some companies running outside of California. So much VC and startup talk these days seems to revolve around California.
- jacquesm 17y agoThat may be YC bias.
- evgen 17y agoActually the bias is induced by reality, YC just happens to reflect it and make it seem a bit larger than it really is. California gets between 40 and 50% of all VC funding in the US and around a third of all global VC investment.
- jacquesm 17y agoA d&t report ( http://www.deloitte.com/dtt/cda/doc/content/us_tmt_2009vcreport_060809.pdf http://www.deloitte.com/dtt/cda/doc/content/us_tmt_2009vcrep... ) titled 'Global trends in Venture Capital 2009" has the following figures: US: 44% of world EU: 21% (ex uk) UK: 7% AP: 16% IS: 2% (Israel) AM: 10% (excluding US) California being 40% of the US total leaves it with about 17.6% of the world total.
- immad 17y agoIf you instead looked at every VC funding above $1m in the US I wonder how many of them would be in Califronia. I think it would be more than 90%.
- sachinag 17y agoIt's not just California - it's specifically Silicon Valley. Here's the PWC MoneyTree data for Q2 2009: https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=region https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=region
- brk 17y agoTwitter, producers of a web-app, have raised US$139M. This is US$1M more than Tesla, which is producing an actual product (electric car). Something is very wrong with this picture...
- jacquesm 17y agoValuations of web companies are the weirdest thing in finance. I think the reasoning goes something like this: if they become profitable, they'll be massively so because many costs that the maker of a physical product has to contend with do not exist. That doesn't give the beginning of a clue on how to become profitable in the first place though, and there's the catch.
- tptacek 17y agoThey're going to become profitable by buying somebody who is already a little profitable, and who will become massively more profitable given exclusive and favored access to Twitter's attention and network. Is, I think, the simplest explanation of why they're taking in so much money.
- jacquesm 17y agoAny suggestions on the target ?
- evgen 17y agoAnother way you could look at it is like this: Twitter, who produce a service used globally by millions of people every day raised $139M, while Tesla, who produce an object that only a handful have ever seen and even fewer will ever buy is getting 1M less to try to take on some of the largest industrial conglomerates in the world. Something is wrong with the picture, but which of those two are more likely to make a good return on the investment could be debated for quite a while...
- deleted 17y ago[deleted]
- callmeed 17y agoNever heard of Workday before–what's their story? ERP isn't exactly a new industry. Are they doing something special?
- hko 17y agoWow, NEA is in 6 of the top 10. That's what happens when you raise such huge funds.