JANUARY 1989
% of % of
1986 funds 1987 funds
Industry invested invested
Commercial communications 5% 5%
Telephone & data communications 11 10
Computer hardware & systems 18 14
Computer software & systems 10 11
Noncomputer electronics 13 9
Biotechnology 5 6
Medical & health care 10 13
Energy & industrial related 7 7
Consumer related 9 15
Consumer-related businesses and the medical and health-care field were the main beneficiaries of increased venture capital interest. Computer hardware and systems and noncomputer electronics were the biggest losers.
Source: Venture Economics Yearbook, Venture Economics Inc., 1988