For the entrepreneur with a great idea, more options for obtaining seed money are available than ever before, venture capital experts in the San Diego area say.
A recent PricewaterhouseCoopers Money Tree report found that nationally there were venture capital investments of $9.5 billion in the first quarter of 2014, the highest level since the tech bubble burst more than a decade ago. In San Diego, 23 deals totaling $243 million were reported for the period, with biotechnology leading the way.
“A lot of the entrepreneurs feel there’s been a lot of contraction over the last several years over the number of funds and partners available,” said Don Williams, national life sciences leader at Grant Thornton in San Diego. “While that’s true, I don’t think that’s diminished the opportunity to obtain funding. If the entrepreneur has a good idea, the right idea, and provides the solution to a problem, he’ll be able to successfully find funding.”
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