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Downward Trend

Morgenthaler Ventures is scaling back its investment team as it sets out to raise its smallest venture fund in 15 years, according to documents viewed by VentureWire.

The firm is the latest venture firm to downsize amid a general shrinking of the venture industry that has seen smaller teams set out to raise smaller, more focused funds as interest from limited partners has shifted toward the top-performing investors.

To read the full, original article click on this link: Morgenthaler Ventures to Downsize Firm and Fund - Venture Capital Dispatch - WSJ