Venture capital fundraising drops to 8-year low

The U.S. venture capital industry raised its lowest amount of money in eight years, stymied by a recent panoply of economic bad news.

Firms raised $1.7 billion in the third quarter, said the National Venture Capital Assn. That’s 53% less than the $3.5 billion raised in the same period a year earlier and the smallest pot since the third quarter of 2003.

via Venture capital fundraising drops to 8-year low – latimes.com.

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