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15 States Without Venture Capital Activity in Q2 ‘09

15 States that Saw No Venture Capital Activity in Q2 ‘09

As we reported in our Q2 ‘09 Venture Capital activity report, the US saw a 61% jump in VC activity over the prior quarter.  In the quarter, 35 states saw companies resident in their borders receive venture money.  The top five as we showed in the post detailing the VC results were many of the usual suspects including California, Massachusetts, Washington, New York and Colorado.

And then we got an interesting inquiry from a few folks.  Which 15 states didn’t see any venture capital money in Q2 2009.  The list is below.  It is worth noting, however, that we did see investment activity in many of these states, but the money didn’t come from venture capitalists and instead came from the likes of angel investors, incubators, state grants and other public-private partnerships which the states have created.


But for the purposes of our Q2 ‘09 Venture Capital report, only VC investments were considered and on that basis, here is the list of states without any venture capital activity in the prior quarter.

  • Alaska
  • Arkansas
  • Hawaii
  • Idaho
  • Iowa
  • Maine
  • Mississippi
  • Montana
  • Nebraska
  • Nevada
  • New Mexico
  • North Dakota
  • South Dakota
  • West Virginia
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