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Facing unstable global markets and an upcoming presidential election, venture capitalists took a more disciplined approach to their investments in 2012 than in previous years.

Results from a MoneyTree report in partnership with the National Venture Capital Association (NVCA) found that investments totaled $26.5 billion in 2012, with VCs closing 3,698 deals. This is a 10 percent decrease in dollars and a 6 percent decline in deals over the prior year.

To read the original article: Report: VCs were cautious in 2012 but plan to be ‘highly active’ in 2013 | VentureBeat