TechPost: Where does Washington stack up?

We'll kick this week's TechPost off with a by-the-numbers review of venture capital in the area. A couple weeks back, I wrote about how venture capital in the region powered ahead in 2007, hitting a highpoint since the burst of the dotcom bubble in 2001. But today I want to ask a question often posed by local tech executives: Where does D.C. stack up among other regions?

Thanks to the work of PricewaterhouseCoopers and the National Venture Capital Association, we can tell. Last year, the Washington region - from Baltimore to Blacksburg - collected $1.2 billion in venture capital. That's dead in the middle - with eight regions attracting more VC money, and eight less.

Here are the regions that captured more, starting with the most:

* Silicon Valley - $10 billion
* New England - $3.7 billion
* San Diego - $2 billion
* Southeast - $1.9 billion
* LA/Orange County - $1.7 billion
* Northwest - $1.6 billion
* Texas - $1.4 billion
* Midwest - $1.3 billion

That got me thinking. How do things stack up within the Washington region? We often think of Northern Virginia as the heart of startup activity. Does that hold up?

Almost. Here are the top five areas in the region attracting the most VC money in 2007:

* District - $133.2 million
* Baltimore - $119.4 million
* McLean - $106.4 million
* Bethesda - $93.2 million
* Reston - $74.6 million

When you count the number of deals--as opposed to the dollar amount--the rankings change slightly:

* Baltimore - 22 deals
* District - 17 deals
* Rockville - 16 deals
* McLean - 13 deals
* Herndon - 12 deals

While we're playing with numbers, here are a few other tidbits. The top industries in the area receiving capital:

* Software - $333.4 million
* Biotech - $158.3 million
* Telecom - $131.4 million
* Healthcare - $97.8 million
* Medical devices and equipment - $95.4 million

And finally, the top deals of the year:

* Bravo Health (Baltimore) - $74.5 million
* Bill Me Later (Timonium) - $71.6 million
* Gridpoint (District) - $48 million
* Kajeet (Bethesda) - $34.8 million
* Avectra (McLean) - $26.5 million

By Zachary Goldfarb  |  February 8, 2008; 10:00 AM ET  | Category:  TechPost
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This was a really helpful and interesting post. Thanks, Zachary!

Posted by: Jared Goralnick / technotheory.com | February 13, 2008 1:05 PM

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