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With venture capitalists pumping nearly $10 million into deals in the first quarter, it's hard to imagine VCs becoming obsolete anytime soon. That's the highest total since the second quarter of 2001, according to research firm CB Insights.

But with more entrepreneurs turning to crowdfunding—equity crowdfunding, in particular—VCs have to work harder than ever to get in on the ground floor with start-ups, and some are falling behind.

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To read the original article: An idea getting tougher to fund: Venture capital