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Venture Capital Association MoneyTree™ Survey
The survey indicates that venture capital ended the year on an up note in Q4 2003 with investments totaling $5.1 billion in 698 companies. Biotech saw its momentum continue in Q4 2003 with $1.1 billion of investment. For the second consecutive quarter and only the second time in the past eight years, biotech led all other industry categories. Software was second and accounted for $978 million in the quarter.
Link
http://www.pwcmoneytree.com.