This is a nice, concise survey of the VC activity for Q2-2010 by one of our sponsors, Fenwick and West. Here's a quick summary:
Up rounds exceeded down rounds in 2Q10 55% to 27%, with 18% of rounds flat. This was an improvement over 1Q10, when up rounds exceeded down rounds 49% to 32%, with 19% of rounds flat. This was the fourth quarter in a row in which up rounds exceeded down rounds.
• The Fenwick & West Venture Capital Barometer showed an average price increase of 30% in 2Q10, compared to 21% in 1Q10. This was also the fourth quarter in a row in which the Barometer was positive.
• The results by industry are set forth below. In general, the cleantech, software and internet/digital media industries had the best valuation-related results in 2Q10, while the life science and hardware industries trailed.
