New Report on 2008 Second Quarter Series A Transactions in New England
The EEC's analysis of Series A transactions in New England for Q2 just came out. It shows what is shows -- that there has been a decline in Series A deals compared to the same period in 2007. As I look at our publication (which covers data through June -- three months ago), I have to note that so much changed so dramatically in Q3 that Q2 seems like it was thirty months ago. We are in the process of finalizing our data for Q2 Series B and later stage financings and expect it to come out in the next couple or three weeks. I have a sinking feeling that it also will feel like history rather than current events. We have begun to gather the Q3 data but wont really know the numbers until well into November. Stay tuned. My sense is that (1) the number of Series A deals will continue to fall and (2) that we may start to see terms becoming more investor friendly, but don't hold me to it.