Venture capital (VC) financing fuels our future by investing in small, early-stage companies and projects that may be destined to become the next Apple or Google. A new report from Martin Prosperity Institute shows venture capital is highly concentrated by industry. The top five industries (in order) are as follows: software, biotechnology, media and entertainment, medical devices and equipment and information technology services. According to the report, which uses detailed data from Thomson Reuters, these top five VC industries receive $25 billion in investment—more than three-quarters of the overall pie. If expanded to include the top 10 industries, we can account for more than 90 percent of all VC investment. The report focuses on the intersection of industry and geography for all VC investments.