The quarterly PwC Shaking the MoneyTree update took place this moring. As Scott previously reported there was a nice upswing in Georgia early stage deals. Georgia also cracked the state top ten for Q4.

Bruce Robertson gave a nice presentation with some astute comments. One of them being that venture funds have raised $56 billion in the past 24 months and that money has to go somewhere. Part of the somewhere is driving valuations up. Another part is getting VCs on planes heading out of Boston to DC and ATL.

Biggest surprise of the day was seeing eHatchery involved in a $4.7 million deal. I’ll have to find the scoop from Levy on that one.