The trade group's report is good news for Orange County'scommercial property owners. Technology companies have been drivingthe local office market for the past few years, and the money thatVCs are pumping into start-ups in the area could continue thetrend.
Metzger says the big increase is largely attributable to OrangeCounty's reputation as a hotbed of high-tech talent and a greatplace to live. But other analysts say part of the increase in VCcash reflects the poor reception that some recent technology IPOshave received on Wall Street: "Tech companies can't raise a billiondollars overnight by taking their stock public anymore, so the VCsare filling in the gaps," one analyst explains.
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