Dow Jones is releasing its third quarter venture capital numbers today, and the amount of money raised was down sharply from last quarter’s heady $7.7 billion distributed across 740 deals.
In the third quarter of this year, 662 companies raised just $5.4 billion. It’s not uncommon to see a muted third quarter in the venture business due to summer vacations, but this was the smallest amount raised in a summer quarter since at least 2005. Unless the fourth quarter outperforms, the industry will likely wind up in the same range as 2009′s total of $23 billion raised by US companies, which is down by about 30% from recent years. That’s not surprising given the dearth of IPOs and the fact that venture firm fundraising is down too.
To read the full, original article click on this link: Venture Capital Sputters in the Third Quarter; Consumer Down, Business Services and Software Up
Author: Sarah Lacy
