20. INVESTECO PRIVATE
EQUITY FUND III
Limited partners
$
ve ry
ity l!
tiv a
c c Portfolio companies
A lo
General partners $
12
21. 12
Log of Patents 1993-2002
4 6 2 8 10
5 10 15 20 25
Log of Federal R&D Support 1993-2002
MSAs with VC MSAs without VC
Fitted values Fitted values
13
22. 12
Log of Count of Startups 1993-2002
7 8 9 10 11
5 10 15 20 25
Log of Federal R&D Support 1993-2002
MSAs with VC MSAs without VC
Fitted values Fitted values
14