Venture capitalists invested less money in U.S. startups in the fourth quarter and showed signs of spreading out those fewer dollars among more companies, reflecting continued caution amid uncertainty about the economy.
The shaky economy has meant that startups are less likely to find buyers or complete initial public offerings. Venture capitalists, in turn, have a harder time seeing returns on their investments, making them less likely to invest in new companies.
According to a survey being released Friday by PriceWaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters, total startup investments fell to $5.02 …
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