the nearly $1.4 billion that VCs invested in biotech in the fourth-quarter of 2013, and a 21 percent drop from the 142 deals.
—First-quarter VC investments in medical devices and equipment amounted to $588 million, a 28 percent increase from the $460 million invested in the previous quarter. But the deal count by 37 percent, from 97 deals in the fourth-quarter of 2013 to 61 deals in the first quarter.
—Nine of the 17 sectors surveyed in the MoneyTree Report showed a decrease in venture dollars invested during the quarter, including telecommunications (68 percent decrease), networking and equipment (47 percent decrease), and semiconductors (17 percent decrease).
The Top 10 deals nationwide, according to the MoneyTree Report:
1) San Francisco-based Dropbox, $325 million
2) San Francisco-based AirBnB, $200 million
3) Mountain View, CA-based Tangome, $200 million
4) Palo Alto, CA-based Cloudera, $160 million
5) Boston-based Wayfair, $156.9 million
6) American Fork, UT-based Domo, $125 million
7) San Francisco-based One Kings Lane, $111.9 million
8) Palo Alto, CA-based Palantir Technologies, $101.6 million
9) Palo Alto, CA-based Hortonworks, $100 million
10) Milpitas, CA-based View, $99.9 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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