Venture Capitalists Invested 37% Less in Start-Ups in 2009
(p. B5) Venture capitalists, whose money provides fuel to technology start-ups, last year invested the lowest amount in such companies since 1997, according to a report from PricewaterhouseCoopers and the National Venture Capital Association released on Friday.
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In 2009, venture capitalists invested $17.7 billion in 2,795 start-ups -- 37 percent less cash and 30 percent fewer deals than in 2008. Internet companies, which have excited investors for more than a decade, took a big hit as investment declined 39 percent.
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