Spreadsheet: 00382cc8-10d5-46d0-a118-8c0b9d7eaff2
Sheet: Investments by State

 |  |  |  |  | PricewaterhouseCoopers/National Venture Capital Association
 |  |  |  |  | MoneyTree™ Report, Data: Thomson Reuters
 |  |  |  |  | Q1 2010 - Q4 2011 Investments by State
 | Q1 2010 |  | Q2 2010 |  | Q3 2010 |  | Q4 2010 |  | Q1 2011 |  | Q2 2011 |  | Q3 2011 |  | Q4 2011
STATE
 | Deals | Amount | Deals | Amount | Deals | Amount | Deals | Amount | Deals | Amount | Deals | Amount | Deals | Amount | Deals | Amount
AL |  |  | 1 | 0 |  |  | 1 | 600000 |  |  |  |  |  |  | 2 | 3515000
AR |  |  |  |  |  |  | 1 | 5000100 |  |  |  |  | 1 | 0
AZ | 4 | 13500000 | 5 | 30580200 | 3 | 15500000 | 6 | 24379900 | 10 | 56859200 | 7 | 169019100 | 5 | 10710000 | 3 | 10903000
CA | 322 | 2351709700 | 414 | 4034814000 | 323 | 2551955100 | 346 | 2754611300 | 318 | 3308641200 | 434 | 3936174200 | 385 | 3481930600 | 340 | 3779418900
CO | 16 | 67931500 | 24 | 83262000 | 21 | 94013800 | 27 | 238247300 | 21 | 83372600 | 23 | 208078300 | 27 | 160928100 | 27 | 166336500
CT | 15 | 131902000 | 16 | 24553000 | 14 | 22756900 | 14 | 37294700 | 21 | 55243300 | 12 | 20920400 | 10 | 44381000 | 12 | 14890000
DC | 2 | 25900000 | 3 | 18740000 | 4 | 30574900 | 5 | 32040000 | 2 | 3090000 | 1 | 1000000 | 3 | 12558400 | 6 | 31410100
DE | 3 | 23000000 | 1 | 164000 | 3 | 7440000 |  |  | 1 | 1750000 | 4 | 12064100 | 2 | 10624000 | 1 | 2000000
FL | 14 | 48304200 | 9 | 102630300 | 14 | 63535500 | 6 | 10101000 | 16 | 128125200 | 9 | 68070900 | 12 | 47735100 | 10 | 50070000
GA | 16 | 118549500 | 18 | 44473200 | 18 | 67721200 | 15 | 99582100 | 14 | 144003000 | 17 | 79296900 | 11 | 76555100 | 12 | 43311000
HI | 2 | 4200000 | 1 | 2000000 | 2 | 5299900 |  |  | 1 | 600000 | 1 | 0 | 1 | 0
IA | 1 | 1500000 |  |  | 2 | 100000000 |  |  |  |  | 2 | 28252000 |  |  | 1 | 150000
ID | 1 | 125000 |  |  | 1 | 75000 | 2 | 7550000 |  |  | 1 | 3995000
IL | 14 | 144407900 | 18 | 125701900 | 14 | 82018000 | 22 | 253965100 | 33 | 339088000 | 25 | 205198500 | 14 | 65051000 | 17 | 73945200
IN | 3 | 9400000 | 4 | 18204100 | 4 | 16026900 | 6 | 36338000 | 8 | 99827100 | 3 | 31500000 | 1 | 5600000 | 2 | 41000000
KS | 6 | 2829000 | 8 | 4830000 | 5 | 4622000 | 17 | 29433000 | 7 | 6600000 | 16 | 31340000 | 10 | 1661000 | 18 | 27751000
KY | 3 | 1200000 | 4 | 1774900 | 4 | 12605000 | 4 | 1150000 | 2 | 100000 | 2 | 3283000 | 2 | 5100000
LA | 2 | 17141000 | 1 | 810000 |  |  |  |  | 1 | 0 | 2 | 11188900 | 1 | 675000 | 4 | 10000000
MA | 93 | 731789500 | 95 | 716050300 | 93 | 458016700 | 91 | 541020800 | 86 | 666215800 | 104 | 983157700 | 102 | 591802800 | 91 | 740694500
MD | 18 | 85627900 | 27 | 115689200 | 20 | 153133000 | 9 | 59702200 | 15 | 58815700 | 25 | 98674100 | 17 | 45976100 | 17 | 80167900
ME |  |  | 2 | 959000 | 1 | 692500 | 2 | 527000 | 1 | 5000000 | 2 | 280000 | 2 | 21349000 | 1 | 12000000
MI | 4 | 14149800 | 11 | 72489800 | 13 | 43199900 | 4 | 22319000 | 7 | 3980000 | 10 | 13255000 | 11 | 40673100 | 2 | 23750000
MN | 6 | 22833000 | 9 | 52894000 | 6 | 34679400 | 8 | 38425100 | 10 | 59123100 | 10 | 72441800 | 14 | 111386100 | 11 | 31687000
MO | 2 | 20000200 | 7 | 28900000 | 3 | 6000000 | 2 | 4077500 | 9 | 20901200 | 4 | 9030000 | 6 | 92600100 | 3 | 11139000
MT | 1 | 1500000 | 1 | 410000 |  |  |  |  |  |  | 2 | 3215000
NC | 13 | 105309900 | 19 | 153173900 | 23 | 199594600 | 10 | 59977800 | 12 | 99118100 | 11 | 114331900 | 14 | 53098800 | 10 | 58665200
ND |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 4000000
NE |  |  |  |  | 1 | 9000000 | 3 | 2500000
NH | 3 | 23362000 | 3 | 10507000 | 2 | 15281100 | 2 | 7793000 | 5 | 40800200 | 5 | 15372000 | 3 | 26801900 | 6 | 11214000
NJ | 24 | 219249000 | 23 | 88397800 | 12 | 73428800 | 17 | 87832900 | 17 | 165514000 | 17 | 95410900 | 21 | 159467200 | 11 | 120023200
NM | 2 | 3999900 | 3 | 3310100 | 5 | 4291000 | 1 | 800000 | 4 | 12737900 |  |  | 3 | 44061200 | 1 | 5000000
NV |  |  | 3 | 28577000 | 1 | 5141000 |  |  | 3 | 7500000 | 1 | 7000000
NY | 63 | 294942200 | 77 | 401176900 | 72 | 278570500 | 71 | 432264400 | 59 | 462595900 | 90 | 618845600 | 90 | 748535300 | 70 | 453682800
OH | 11 | 19484100 | 15 | 31829000 | 17 | 75443000 | 16 | 57564000 | 13 | 29127800 | 21 | 107651600 | 17 | 47486400 | 9 | 19050000
OK | 2 | 3000000 | 1 | 10000000 |  |  |  |  | 1 | 22500000 |  |  | 1 | 4000000
OR | 10 | 46288000 | 8 | 60784200 | 10 | 49751100 | 6 | 33689000 | 6 | 41442200 | 7 | 31650200 | 16 | 116947700 | 10 | 48587800
PA | 35 | 83672000 | 43 | 171275800 | 39 | 146357400 | 44 | 140428000 | 30 | 130181700 | 35 | 141134200 | 40 | 96598700 | 40 | 152228900
PR |  |  | 1 | 4494500
RI | 3 | 12067000 | 3 | 11500000 | 4 | 16735000 | 1 | 19000000 | 1 | 600000 | 2 | 1151000 | 4 | 35600000 | 5 | 3032000
SC | 3 | 5675000 | 2 | 1200000 |  |  | 3 | 13840000 |  |  | 2 | 13750000 | 1 | 8273000
SD |  |  |  |  |  |  |  |  |  |  | 1 | 3046000
TN | 4 | 2612300 | 11 | 42030800 | 6 | 12658200 | 4 | 6620000 | 10 | 14376000 | 7 | 12372000 | 9 | 55219000 | 6 | 21088900
TX | 26 | 202844700 | 46 | 225965900 | 47 | 405281400 | 40 | 198945300 | 38 | 271875700 | 44 | 281803400 | 40 | 600849500 | 31 | 306233300
UN |  |  |  |  |  |  | 1 | 0
UT | 5 | 2000000 | 9 | 78830000 | 9 | 53400100 | 3 | 10541500 | 11 | 33061100 | 9 | 86492900 | 8 | 56150100 | 15 | 47194300
VA | 12 | 90306000 | 19 | 126862500 | 10 | 84417800 | 15 | 97302000 | 21 | 104464100 | 19 | 256255900 | 14 | 179933900 | 21 | 66948900
VT | 1 | 350000 | 2 | 16465000 | 2 | 15204000 | 2 | 1050000 | 2 | 2365000 | 4 | 11693000 | 1 | 10131900 | 1 | 650000
WA | 27 | 186160900 | 36 | 148308300 | 24 | 179094500 | 27 | 136120000 | 28 | 126810900 | 29 | 131613000 | 33 | 195384000 | 24 | 87992300
WI | 4 | 6000000 | 7 | 95715100 | 4 | 5353000 | 5 | 12897900 | 5 | 6670100 | 6 | 39325000 | 1 | 20000000 | 2 | 6000000
WV |  |  | 1 | 485000 | 1 | 265000 | 2 | 3000000 |  |  | 1 | 2000000 |  |  | 1 | 100000
WY | 1 | 10000000
Grand Total | 797 | 5154823200 | 1011 | 7190818700 | 857 | 5399133200 | 861 | 5518529900 | 849 | 6613076100 | 1027 | 7960333500 | 953 | 7285835100 | 844 | 6565830700
 | Source:  PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data:  Thomson Reuters