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Despite generally upbeat public markets, 2013 got off to a slow start for venture capital liquidity.

There were nine initial public offerings of venture-backed companies in the U.S. during the first three months of this year compared with 20 a year ago, according to Dow Jones VentureSource.

Mergers and acquisitions were also off last year’s pace with 94 compared with 105 in the first quarter of 2012.

To read the full, original article click on this link: A Slow Start in 2013 for VC Exits - Venture Capital Dispatch - WSJ