By Bruce Bigelow
xconomy.com
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The MoneyTree snapshot of first-quarter venture activity that we reported 10 days ago showed a dire decline in venture investments in the San Diego region so far this year. But the local picture looks a lot better in data for the same period that came in recently from Dow Jones VentureSource.
The information from Dow Jones VentureSource shows that VC activity remained fairly stable in San Diego during the first three months of 2011, with $213.9 million invested in 26 deals here. That represents a 3 percent decline in capital invested and a 7.6 percent increase in deal count from the $207.2 million and 24 deals that Dow Jones counted in San Diego for the same quarter in 2010.
“The data we are seeing is basically flat investment on a year-over-year basis, both as it relates to the deal flow and dollars,” says Dan Kleeburg, an audit partner in the San Diego office of Ernst & Young, which is aligned with Dow Jones VentureSource in producing the report.