Monday, July 12, 2010
Insufficient Venture Funds!
The "Darwinian contraction" in the venture capital industry continues with no end in sight. A joint study released today by the National Venture Capital Association and Thomson Reuters found that VC firms in the U.S. raised just $1.9 billion in the second quarter of 2010. That's a nasty 49 percent decline from the $3.7 billion they raised in the first-quarter.
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