The most recent MoneyTree™ Report from PricewaterhouseCoopers and the National Venture Capital Association reported a decrease in venture capital investments. Eleven of the 16 industries reported a decrease in investment dollars, while 14 reported a decline deal volume.

The Software sector, earning the highest number of investments for the quarter, represented one-fourth of the deals. Biotechnology garnered the most dollars for the quarter with $1.27 billion invested.

Industries experiencing increases in investment dollars this quarter were Semiconductors, Financial Services, Telecommunications and IT Services. Semiconductors was the only sector to receive more dollars and deals from the previous quarter.

Seed/Early and Later stage deals both experienced a decline this quarter, while Expansion stage investing remained steady.

While venture capital investments were down 8.5% from last quarter, the first quarter of 2008 was still the fifth highest quarter since 2001.

Venture capitalists offer no indication of significantly reducing their investing, even showing a continued interest in Life Sciences, Clean Tech and traditional IT sectors.