Tuesday, September 22, 2009

Venture Capital Funding Takes a Plunge

The U.S. venture capital industry raised only $1.7 billion in the second quarter of 2009, according to Thomson Reuters and the National Venture Capital Association.

This is a major from the $4.6 billion raised during the previous quarter and it was the smallest quarterly dollar total since the first quarter of 2003, when $938 million was raised during the depths of the dot-com crash.

Meanwhile, the number of new funds created in the quarter shrank to 25 — the smallest number in 13 years.

If Ben doesn't print the money, the money isn't out there to invest.

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