Industry numbers
I am on the email list for Rutberg & Co.’s Digital Media Industry Newsletter. Usually I don’t pay much attention to it, but the most recent issue caught my attention. According to Rutberg, during the month of October, there were 49 venture financings in the digital media space. Well, that sounds like a lot. But, when you look at the amounts invested there are 18 deals with investments in excess of $5 million and there are many with either undisclosed valuations or valuations under $2 million. These numbers suggest that Rutberg is lumping a lot of angel deals into their definition of venture financings. I...
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