Investors put $104.9 million or an average $5.83 million into 18 deals in the first quarter compared to $178.9 million or an average $11.2 million on 16 transactions in fourth quarter 2000.

For all of 2000, however, investors gambled a total $1.5 billion on mostly startup companies, doubling the 1999 figure. Venture capital in 1995 was $1.5 million.

Florida ranked 15th in the first quarter while California and Massachusetts continue to hold down the top two positions in venture capital investments.

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