U.S. technology innovation has relied on venture capital dollars for the last 50 years. That relationship resulted in it – and Silicon Valley – becoming the ones to beat.
Yet last year, only $12.3 billion of new money found its way into venture capital funds, less than half of that in 2008. As private equity amounts retreat, many American start-up financiers see a historic contraction ahead for the industry.
Part of that blame falls on U.S. venture capitalists, who now hunt elsewhere for big ideas. Many of them have their eyes on China for clean technology and other new platforms.
To read the full, original article click on this link: Has Silicon Valley Lost Its Edge?
Author: Tony D’Altorio
