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===Venture Capital Investment by Stage===
 
Start-ups are classified by Venture Capital firms into 4 stages [http://www.pwcmoneytree.com/Definitions/Definitions]: seed stage, early stage, expansion stage, and late stage. These stages of development help investors determine the size of the investment and the wait of the return.
 
Moneytree, a collaboration between PriceWaterhouseCoopers[http://www.pwc.com/] and the National Venture Capital Association [http://nvca.org/] defines these stages as:
 
'''Seed Stage'''
 
'''Early Stage'''
 
'''Expansion Stage'''
 
'''Late Stage'''
===Venture Capital Investment by Industry===
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