"Series B rounds continued to be the strongest rounds, and with Series A financings being more difficult to obtain, we are seeing that those companies that are able to raise Series A financings can often receive very healthy valuations in their Series B round," Kramer added."The best performing industry in the quarter from a valuation perspective was software, but internet/digital media, hardware and even life sciences did well, with only cleantech performing poorly," added Michael Patrick, partner in the Corporate Group of Fenwick & West and co-author of the survey.
Fenwick & West's Silicon Valley Venture Capital Survey Reveals Continued Strong Valuations In Fourth Quarter Of 2012 - Software Industry Leads
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