1. In the first 9 months of 2011 there were 240 hi-tech and bio-tech startups in San Diego, the highest number in several years. (source)
2. $200 million per quarter was invested by VCs in San Diego businesses. But that is less than half as much as VCs invested prior to the recession. (source)
3. Tech Coast Angels (TCA) increased membership from 257 to 304 (counting all 5 locations in SoCal) last year, with San Diego angels numbering over 100 for the first time.
4. The number of applications to TCA for funding increased from 603 in 2010 to 1004 in 2011.
5. The number of new deals invested in by TCA increased about 40% year over year, but the amount invested in new deals increased by only about 15%.
The bottom line: the numbers indicate 2011 was challenging for startups to get the funding they were looking for!
Computer Guy
Sunset at DoubleM Systems (DBLM.com), Del Mar, California
Great post Mike and thank you for summarizing the key points. What are your thoughts for 2012?
ReplyDeleteBill...
ReplyDeleteGood question! My crystal ball says: 2012 will be more of the same (a lot like 2011), with an enormous amount of money available for startups, but the bulk of it will go to already funded companies in the form of Series A, B, C funding. And what is left for brand new startups will go primarily to bio-tech, cloud, software, and internet services in fast growing market segments.
There will be lots more startups competing for the available funding, so startups will need to distinguish themselves with better teams, better plans, better presentations, and better mentors. (But, of course, nobody knows the future. That's just my two cents worth.)
(What I am most interested in right now is the coming proliferation of apps and attachments to smartphones for use in health applications!)
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