Silicon Valley still dominates the venture capital world in deals and dollars, but it's got some young rivals.
A new report from PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Financial, showed that the funding amount for deals in Silicon Valley grew 120 percent in the last 10 years--from $4.7 billion in 1997 to $10.4 billion in 2007. The number of companies funded also grew 41 percent, from 705 companies in 2007 to 993 companies last year.
New England, the No. 2 market for venture capital, experienced comparable growth over that time. In … Read more