Friday, November 17, 2006 7:00:00 AM PDT | VentureDeal Staff
TIMONIUM, MD -- The Mid-Atlantic Venture Association (MAVA) released its 3rd quarter activity report which indicated a busy quarter characterized with too-high valuations. In addition, VCs noted with some concern the increased involvement of hedge funds in VC-backed companies. The MAVA report went on to say that the outlook for the 4th quarter of 2006 indicated a very high deal flow rate, with 97% of respondents indicating they were likely to participate in at least one new deal. VCs also reported less competition for term sheets, which would seem to be counterintuitive to their complaints about valuations being too high. For more information, visit www.mava.org.
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