The venture capitalists who fuel Silicon Valley’s tech ecosystem raised less cash last quarter, slowing the frenzied flow of dollars gushing into the industry.
Nationwide, VCs raised $5.3 billion in the third quarter of this year, a sharp drop from the $10.9 billion they raised the quarter before, according to the Venture Monitor report released Monday evening by PitchBook Data and the National Venture Capital Association. That means there’s less capital available to fund the Bay Area’s next Facebook or Uber. But experts say that’s not necessarily bad, because it assuages fears of “bubbles” and inflation.
