Austin American-Statesman business reporter Lori Hawkins was upbeat in last week’s article on the increase in venture capital investment in Austin.
“After sliding to a 13-year low in 2009, venture investing in Austin companies rebounded sharply in the first half of 2010, according to a report released last week.
A total of $164.8 million was invested in 37 Austin deals, according to the report by the National Venture Capital Association and PricewaterhouseCoopers.
That’s an increase of 141 percent from the first half of 2009, when $68.4 million went into 23 Austin deals. That means nearly $100 million more raised by Austin companies in the first half of this year than last.”