NYC grabs $650M in Venture Capital cash


According to  New York Post’s Wilson Dizard, America’s venture-capital volcano spewed out $6.8 billion in the fourth quarter of 2012, down 9 percent from the third quarter and off 11 percent from the same period in 2011, according to a new report.

But even though the torrent of cash has slowed, the number of deals inked held steady between the two quarters, the CB Insights report found.

“Lots of deals, fewer dollars,” said Anand Sanwal, CB Insights chief executive, whose analysis found 834 deals in the last quarter of 2012, down by just one from the previous quarter.

Also noteworthy was a drop in the number of seed investments, which hit a peak in the third quarter of last year, representing 42 percent of all deals. They took a more modest 30 percent in 2012’s final quarter.

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