Summary
VC spendings are low, but did not decline as much as in other countries in Western Europe in first quarter 2009. Early stage investors speak of more activity in second quarter 2009. Valuations are considered very low. More investments by corporate VC companies versus open funds. Business Angel networks involvement is growing.
Analysis
US Venture Capital companies may look for investments in germany because of low valuations. Co-Investments and direct engagements of US VC's make sense.
VC investments are still by far too low in Germany, market may go up due to low valuations and high potential of tech entrepreneurs.


