Venture investments for 2004: $21 bln in USA, $7 bln in Japan, $1 bln in China

Of the $21 bln invested in private US companies in 2004, over $11 bln went to IT startups, according to VentureOne as reported by Red Herring. Japanese private equity market reached $7 bln, according to Asian Venture Capital Journal, and VCs invested barely $1 bln in the China market in 2004, according to Beijing VC research firm Zero2IPO.