Number of Venture Capital Deals Per 1 Million Residents
The per capita number of deals is cyclical, higher during economic expansions than during recessions. The numbers were extremely high during the “dot com” boom from 1999 through 2001. No trend exists over time. Arizona’s per capita number has been far below the national average, especially since 2008, when it has ranged from 66-to-76 percent below average. The 2014 figure was 66 percent less than the U.S. average.