Venture capital dollars flowing to Maryland companies were down almost 30 percent last quarter compared to a year ago, and 16 percent less than the prior quarter, according to Money Tree stats.
Maryland ranked 12th overall in venture capital dollars in Q1 2012, behind Minnesota and Illinois with $71 million and $87 million respectively.
California took is customary place atop all states with a mountainous $3 billion in venture capital. Massachusetts followed with $628 million.