Monday, January 29, 2007 6:00:00 AM PDT | VentureDeal Staff
MASSACHUSSETTS -- The number of venture-backed transactions
hit a nine year low for the New England region
in 2006, according to a report by VentureOne.
The report stated that New England start ups
received $3 billion in 2006, spread among 291 deals, representing the lowest
number of deals since 1997.
Local commentators differed in their interpretation of the numbers and the
reasons why. Some felt that investors are looking elsewhere for
investment by syndicating with other investors. Others think that the
numbers are underreporting a rising number of "stealth mode" companies that are being
funded but not reporting the funding for competitive reasons.
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