The A-List: 2009's Trend-Shaping Series A Financings

New company creation slipped significantly in 2009 as venture capitalists conserved capital and supported existing portfolio companies. In biopharmaceuticals, corporate venture got in at the ground floor while device start-ups continued to see stronger support from smaller, regional investors than traditional VCs.

The question many venture investors were asking themselves throughout 2009 seems to be, "is it safe to come out yet?" And that cautious approach to investing embraced by many VCs has translated into a significant dip in Series As. Still, START-UP has identified a baker's dozen to keep an eye on in 2010 and beyond. (See Exhibit 1.)

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