the previous generation of companies,” Taylor added. “There is some improvement on that front but we would like to see it strengthen even further.”
Some other findings from the MoneyTree Report:
—The second largest sector for VC dollars was biotechnology, with $852 million going into 123 deals. That was down 39 percent in dollars but up 10 percent in deals from the prior quarter.
—Medical device companies represented the third-largest investment category, with $566 million going into 65 deals—a 12 percent increase in dollars but an 8 percent decline in deals over the previous quarter.
—Venture capitalists invested $1.5 billion into 252 Internet-specific companies during the third quarter. That represents a 19 percent decline in dollars invested, and a 9 percent decrease in deals, compared with the second quarter, when $1.9 billion went into 277 deals.
The top 10 deals nationally, according to the MoneyTree Report:
Uber Technologies, San Francisco, $257.8 million
Palantir Technologies, Palo Alto, CA, $196.5 million
Pure Storage, Mountain View, CA, $150 million
Evolent Health, Arlington, VA, $99.9 million
CommonBond, Brooklyn, NY, $99.9 million
Clarabridge, Reston, VA, $80 million
Telogis, Aliso Viejo, $76.7 million
Practice Fusion, San Francisco, $70 million
Deem, San Francisco, $69.9 million
Toa Technologies, Beachwood, OH, $65 million
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Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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