Venture Activity Rises Nationwide, Daylight Solutions’ Infrared Technology Heating Up, Smaller Startups Are Hiring Fewer, & More San Diego BizTech News

7/18/11Follow @bvbigelow

The venture news was flying last week like beach chairs in a hurricane, and the Xconomy forecast calls for more venture activity data this week. Get your biztech briefing quick, before I think up any more metaphors.

—We got the early returns on quarterly venture capital activity, and more surveys are expected to follow in the next week or so. The New York financial information firm CB Insights says U.S. VC firms invested $7.6 billion in 768 startups nationwide during the second quarter. That was a 54 percent increase in capital and a 25 percent gain in deals, compared to CB Insights’ data for the same quarter in 2010.

—A pair of reports (one from Thomson Reuters and the National Venture Capital Association and the other from Dow Jones LP Source) show that pension funds, college endowments, and other institutional investors are putting more money into VC funds. But a smaller number of name-brand funds are grabbing most of the capital. In fact, Dow Jones says seven firms got 80 percent of the $8.1 billion it counted in capital raised during the first half of 2011.

The Kauffman Foundation released a study that shows startups these days are making do with fewer workers. The study, which highlights the “slow leak” in job creation, said fewer new companies are being formed and those that get started are hiring fewer workers.

—San Diego’s Daylight Solutions raised $15 million in a Series C round of equity financing led by defense giant Northrop Grumman (NYSE: NOC). The startup, which specializes in mid-infrared laser technology, recently demonstrated how … Next Page »

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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