Six Year Low In Exits, Says Report
A report released today by Dow Jones VentureSource finds that Q2 of this year was among the worst ever for exits for venture capital-backed firms. According to the report, there was a 57% drop in exits this year, compared with last year, with only $2.8 billion of mergers, acquisitions, and IPOs in the quarter. Dow Jones reported $2.57 billion in mergers and acquisitions of 67 companies in Q2 of this year, down from $6.58 billion and 89 transactions last year; though there were IPOs, they only raised $232M in total. To make things worse, Dow Jones said that medium amounts paid for companies in Q2 also fell, down to just around $22M, down from $41M in deals from Q2 of last year, a 46% drop.
posted on Wednesday, July 1, 2009
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