Friday 9th Oct 2009
Calibre One News
Calibre One publishes Q3 2009 Global Tech Investment Review
The latest release of the Calibre One Index, Calibre One’s quarterly trans-atlantic tech investment review publication, is now available to view online, and in print at Calibre One’s offices in London and San Francisco.
James Brocket, Managing Partner said, “Q3 2009 was an incredible quarter that hopefully will be seen as a sign that the market is back in a positive trajectory. For a while it has been clear that investment levels are improving and it's good to see that borne out in these figures that seem to belie the commonly held view that investment levels are way down.
In fact investment is there, in spades, for the increasing numbers of businesses that are not just exciting looking ventures with great potential, but strong and profitable businesses in their own right. Hardware businesses and other companies with red numbers in their business plan are clearly faring less well. For these companies the difficult times will remain for a while.”
Tom Barnes, President said, “It’s pleasing to see tech investment levels in the US back to more ‘normal’ levels for two consecutive quarters. Whilst we are still some way short of the levels seen in 2007, investment of $2.7Bn is double the level seen in Q4 2008 and Q1 2009.
As with past crises in the market, the US community has reacted with characteristic speed in both making cuts and then getting back to ‘business as usual’ giving rise to the classic ‘V’ shaped curve. We have remained reasonably busy throughout this tough time, but demand for our services is increasing further now that there is a palpable renewed confidence in the US tech sector.”
The Calibre One Index is produced quarterly, every January, April, July and October and can be found at Calibre One’s website (www.calibreone.com). It is also regularly blogged about at TechCrunch (http://uk.techcrunch.com).
