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A new report released today shows the changing climate of the venture capital industry, and one of the most striking aspects is the dwindling number of venture capital firms now operating in the U.S.

There are now 798 venture capital firms in the U.S, down from 1,009 that existed in 2005, according to the National Venture Capital Association’s annual workbook report. That’s a significant trimming of the VC ranks, showing how more money has consolidated over the past 10 years in the hands of fewer VC firms.