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Tar Heel Pundits
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Tuesday, August 06, 2002

Venture capital funding down

In the second quarter venture capital firms returned more money than they gave out, giving back $2.7 billion to their investment partners in the three months ending in June while raising $1.8 billion for the future, according to statistics compiled by Thomson Venture Economics for the National Venture Capital Association and released Monday. The $887 million contraction marked the first time that venture capitalists refunded more money than they had raised in a quarter, based on industry data going back to 1970.

posted by John Branch @ 12:01 PM

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