Q1 2017 was a surprisingly quiet quarter for Digital NY companies. There were no disclosed private company M&A deals greater than $100 million and there was a 45% decrease in total private company financings relative to Q4 2016 and a 12% decrease relative to Q1 2016 activity. In terms of sector activity, E-Commerce and Digital Content led the way accounting for approximately 54% and 17%, respectively, of all financing activities. Despite a relatively soft quarter, the long term financing activity of Digital NY companies is impressive. Since 2010, approximately $19 billion has been raised for private Digital NY companies.