Venture investing continues to outpace 2005 in Q3 - Silicon Valley/San Jose Business Journal:

Venture investing continues to outpace 2005 in Q3 - Silicon Valley/San Jose Business Journal:: "Silicon Valley/San Jose Business Journal - October 23, 2006
http://sanjose.bizjournals.com/sanjose/stories/2006/10/23/daily10.html

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Venture investing continues to outpace 2005 in Q3
Silicon Valley/San Jose Business Journal - 9:45 AM PDT Monday

U.S. venture capital investing continued to outpace last year's activity for the third quarter in a row, with $6.36 billion directed to 611 deals and the largest deal of the quarter taking place in Sunnyvale, according to a report released Monday.

The Quarterly Venture Capital Report released by Dow Jones VentureOne and Ernst & Young LLP shows that overall, deal count increased 2 percent from the third quarter of 2005, and the capital invested was 5 percent higher than a year ago.

The largest deal of the quarter was an IT deal -- the $132 million later stage round in telecommunications semiconductor company Cortina Systems Inc. of Sunnyvale. The median size of an IT deal was $7 million, up from $6.6 million a year ago.

By region, the Bay Area remained the dominant market, with 207 deals and $2.45 billion invested, a decline in the number of deals from"