Delighted as we all are to hear good news regarding our
Innovation Economy, this press release briefly cheered us this morning.
Alas, our delight quickly fizzled, melting away as we
recalled publishing the following piece earlier this week.
Have we joined Heinlein and Asimov in parallel universes? Or should we just order a T-Shirt showing the Three Stooges pointing in different directions.
What’s Up, Doc?
First off, we are fully aware that the data from each
report comes from different sources. Our
Tuesday report comes from CB Insights, that same firm that produces the HALO
Report on Angel Activity in cooperation with the Angel Capital Association (ACA).
Today’s
source is the venerable MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC)
and the National Venture Capital Association (NVCA), based on data provided by
Thomson Reuters.
Different
sources, different methodologies, can understandably produce slightly different
results, but to have any credibility at all major trends should be the same. We
have the data from CB Insights, and fortunately the NVCA post their results
online where you can download them.
Having
examined the data, we’ll now rewrite their headline in our format.
VC
Deals in Q2 2013 are up vs. the prior quarter but down year-over year; funding
is down 9% vs. last year according to NVCA.
Or
try the following:
VC
Deals and Funding Both Decline in the first half of 2013 as compared to
previous Two Years.
‘Nuff said?
----
"‘When I
use a word,' Humpty Dumpty said, in rather a scornful tone, ‘it means just what
I choose it to mean—neither more nor less.'
‘The question is,' said Humpty Dumpty, ‘which is to be master—that's all.'
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