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The venture capital industry is being squeezed by a growing liquidity crunch, industry sources said.

Even though venture capital firms are awash in capital, the pace of exits is slowing.

The 3Q 2017 PitchBook-NVCA Venture Monitor — released Oct. 10 by the Washington-based National Venture Capital Association and Seattle-based data research firm PitchBook — indicated that if the pace of U.S. venture capital investment holds, 2017 will have the most capital invested in a decade.

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