Sunday, January 24, 2010
Investment In Software, Girl Guide Cookies On The Rise
(Palo Alto, CA) According to the Q3 Venture Report by The Money Toilet ("We're flush with cash!"), investment in Venture capital has increased significantly in Q1. Despite fund returns coming in at approximately -85% ( -20 Celsius) there were still investments totalling $7.2 billion in the quarter. The largest amount of investment was in the category "Pebble Beach Green Fees", approximately $3 billion, followed by "Lunch at Il Fornaio" with $2.4 billion. Dry Cleaning received $1.2 billion in new investment for the quarter. Software, Hardware, Biotechnology and Girl Guide Cookies was up slightly to $1.1 billion, due primarily to the higher prices Los Altos girl guides were receiving for new low-fat Thin Mint cookies. Due to tougher economic conditions, Valet Parking was down, receiving only $2.5 billion and signaling a return to more cautious investment.
About the author
Sidd Finch is a telecommunications industry reporter. He invests in high risk opportunities such as those found at Los Vegas casinos.