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Venture funding down in Bay Area
by Jeremy at 12:24 pm EST, Nov 3, 2001

"Venture capitalists further slashed their investments in technology start-ups during the third quarter, and the spigot might only get tighter.

Venture firms invested [...] 27 percent less [during the third quarter] than the second quarter, according to a survey released Monday by Venture Economics, a VC data research firm. The drop-off parallels a national decline in VC investment as well.

"Venture capitalists are all saying: `This is the best time to invest,'" said Jesse Reyes, vice president at Venture Economics. "But if you look at these guys' portfolios, they're just not doing it," he said."


 
 
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