Job Openings at MIT startup
Sramana Mitra ([email protected])
Thu, 26 Feb 1998 18:58:39 -0500
Hi There,
Just my periodic update on Venture Capitalism in the Bay Area.The
following article appeared in the SF Chronicle:
Last year 592 Bay Area firms received $3.8 billion of private equity
financing. That was $ 1 billion or 37 percent more than 531 local
firms received in 1996. Venture Capital firms invested $ 11.4 billion
of pension fund and other institutional money in in 1848 US companies
last year. That was 16% more than the $9.8 billion invested in 1686
firms in 1996.
The following was the break - up: IT -- $593.6mill with 105 deals
Health Care-- 181.9mill with 20 deals
Retail/Consumer--54.1mill with 16
deals.
The following were the 20 largest receipients in the Bay Area, in 4th
Qtr. 1997:
1) Tularik $55mill.
2) Healtheon $25mill.
3) Zip2 $25mill.
4) SaveSmart $22mill.
5) Netro $18mill.
6) Intuitive Surgical Device $17mill.
7) Ramp Networks $15.9m
8) Commerce One $13.3m
9) Ariba Tech. 13.2m
10)Chromatic Research 12.6m
11)Repeater Tech $12.1m
12) Whitelight Systems$12m
13) Cardiac Mariners $12m
14) I-Pass All. 11.6m
15) Tut Systems 11.3m
16) Oratec Interventions 11.3m.
17) Chrodiant Software 10.8m
18) Adesso Speciality Serv. 10m
19) WhoWhere? 10m
20) Optical Integrated Circuits 10m.
The three biggest Bay Area deals in 1997 involved information
technology. 1) E-Tek Dynamics being numero uno 2) NetObjects in no.2-
Well, well that Samir Arora, he is all over the place. 3) Candescent
Tech.
Well people so much for the serious stuff. Good to see the occasional
e-mail come on to the Venture Capital Group. But we need more. You'll
are the guys in the tech. stuff. I am a financial guy. Here is the
incentive, the more you real techies contribute, the less a
pseudo-techy like myself won't.
See you'll Sat.
Vivek
KPMG Peat Marwick