The Stevens Institute for Innovation at the University of Southern California (USC) recently released a detailed report on startup companies based on research initiated by their scientists. The study found that 39 USC startups raised more than $800 million over the past 15 years and more than $380 million of that was raised in the past 3 years, in the midst of the global financial crisis. While two companies have contributed over $100 million each to that total over the last 15 years, 18 other companies have raised more than $5 million each. Though startups that attract VC funding tend to be successful and attract large ongoing investments, funding sources have evolved from being predominantly VC-based to more broad-based, including greater reliance on private investors, government grants, and investments by corporations. Furthermore, life science startups in particular are attracting increasingly large investments, whereas the average investment for non-life science companies has decreased.