A decade ago, Maryland companies were reeling in more than $1 billion annually in venture capital.
These days, they are lucky to get one-third of that. Last year, businesses in the state attracted $412 million in capital, more than the decade low of $314 million the previous year, according to figures from the MoneyTree report by PricewaterhouseCoopers and the National Venture Capital Association.
In the first half of this year, the total of $157.5 million was 22 percent less than a year earlier. Columbia customer relationship services company Merkle, which CEO and entrepreneur David Williams acquired in 1988 and took to a higher level, has received the biggest venture capital infusion in Maryland in the last two years with $75 million last year.
To read the full, original article click on this link: Gazette.Net: Venture capital pool drying up for entrepreneurs
Author: Kevin James Shay
