Jeffrey Leavitt put on a DLA Venture Pipeline presentation today to a packed house over at TSRB. Seems DLA is using the Venture Pipeline as an angle to lure entreprenuers into their practice.
Seems to be working. Jeff claimed that DLA was involved with 11 of the 19 Georgia VC deals reported in Q4 of last year. That explains the smiles on all the entreprenuers networking at 7:30am. Jeff also offered up three interesting factoids.
First, VC funds are getting larger. Over the past 10 years we have gone from only 2% of funds being over $500 million to 21% being over that figure. If you believe the concept the further you go the larger the fund has to be to give you any attention this is good news for Atlanta.
Second, in 2006 VC investment levels surpassed $25 billion. This is the third year of a healthy upward trend and a level that many people did not think would be reached.
Lastly, valuation trends continue upward rising to nearly $19 million in 2006 from $10 million in 2003. Personally I think it would be good to see this figure settle at its current range.
John Hurley was very upbeat about Atlanta getting on the radar screen of VC from both California and Boston. He specifically mentioned Crosslink Captial, Draper Fisher, Sigma Partners, Technology Partners, U.S. Venture Partners, VantagePoint Ventures and Versant Ventures based in Cali. From Boston Advent International, Boston Millennia, General Catalyst Partners, Kodiak, Matrix, and SV Life were cited.
If you are looking to raise a little it’s a good list to research. That or you can got a hold of Jeff or Doug Spear.