With the economy hitting a low gear, venture funding slipped again in the latest quarter from a year earlier, according to two new reports that track investments in startups.
But in reports released Friday, both Dow Jones VentureSource and the National Venture Capital Association noted double-digit jumps in funding from the first to second quarter of 2012.
U.S.-based startups raised $8.1 billion in the second quarter in 863 deals, a 9 percent drop from the year before, according to Dow Jones VentureSource. The median size of a funding round in the Bay Area in the just-completed quarter was $7 million, higher than the national median of $5 million, reflecting the higher costs of doing business here, the company noted.
To read the full, original article click on this link: Venture funding dips amid sluggish economy - San Jose Mercury News
