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Report: Funding conditions for tech startups soar to record

Startups

Aug, 11 2017, 1:41 PM

If you have been noticing a great deal of venture funding deals in the news this year across North Carolina and the country, you were not mistaken.

New index from Bloomberg news finds that "business conditions" for funding tech startups has soared to a new high.

"The Bloomberg U.S. Startups Barometer, which tracks the business conditions for U.S.-based private technology companies, reached a record high." reports Isabel Gottlieb.

" A 44 percent increase from a year earlier was driven by a surge in the number of businesses that raised money for the first time, reflecting investors' appetite to back the riskiest companies. The index, which goes back to 2007, doesn’t account for the frenetic days of the dot-com bubble."

The index was below 100 in 2009, 2010 and 2011 in the wake of the "great recession" which began in 2008.

Leading the upsurge is more funding for new startups, Bloomberg says.

"If you’re leaving Google or Facebook to go do your startup, this is probably the best time ever to do so," Wesley Chan, managing director at the venture capital firm Felicis Ventures, told Bloomberg. "There's a lot of frothiness in early stage and seed investing."

Read more at:

https://www.bloomberg.com/news/articles/2017-08-11/funding-conditions-for-tech-startups-soar-to-a-new-record





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