Last year was a great year for venture-capital investment, thanks to the industry's success in raising funds and cashing out existing holdings through initial public offerings. According to a recent survey of 600 venture-capital firms by Coopers & Lybrand, venture capitalists invested more than $6.6 billion in U.S.-based companies last year.

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Percentage of private equity investments (based on number of deals)
Minnesota 4.8%

Texas 4.5%

Colorado 2.9%

Illinois 2.4%

Washington 2.2%

Other 16.8%

Georgia 1.6%

Carolinas 3.4%

Baltimore/D.C. 3.6%

New Jersey 3.8%

Metro New York 7.0%

New England 13.7%

California 33.3%

Source: "Venture Capital Survey," Coopers & Lybrand, February 1996.

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