A graph displaying what percent of venture capital was spent on various industries in 1994.
Good news. Although last year's rising interest rates made bank financing unappealing, venture capitalists provided an attractive alternative. Venture capitalists invested more than $1.3 billion in U.S. companies during the fourth quarter of 1994 alone. Most of those dollars -- 55% -- went into late-stage, mezzanine, and leveraged-buyout financings.
How the venture capitalists spent their dollars:
Percentage of total VC dollars by industry
Health care 15%
Medical technology 7%
Source: "Venture Capital Survey," Coopers & Lybrand, New York City, February 1995.