After soaring in the second quarter, venture funding in Silicon Valley companies flopped back to earth in the third quarter -- but is still on track for the full year to meet or exceed 2009 levels.
Analysts said the spike in the second quarter was largely due to two big cleantech deals, and that despite the big drop in the third quarter, the valley's startup industry is continuing its steady rebound from the recession.
"This was a recovery year," said National Venture Capital Association Vice President Emily Mendell. "Last year was a really hard year with a lot of challenges. Now, the money is going to start to flow a little more."
To read the full, original article click on this link: VC funding falls in third quarter, but still on track to exceed last year's level - San Jose Mercury News
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