Money raised by venture capital firms to fund startups is on the rise, but the number of venture capital firms raising that money is at a 16 year low.
The number fell by nearly a quarter, from 48 firms in the second quarter of 2010 to 37 firms in the second quarter this year, according to data compiled by the National Venture Capital Association and Thomson Reuters.
A total of 76 venture capital firms raised money in the first half this year, down 15 percent from the first half of 2010 when 89 venture capital firms raised money. 162 venture capital firms raised money in 2010, which is still down compared to 233 firms in 2007 and 212 firms in 2008.
To read the full, original article click on this link: Number of venture firms raising money at 16-year low in Q2 | VentureBeat
Author:Matthew Lynley
