BURLINGAME, Calif.--Tough times don't last--but tough companies do. Even with venture funding falling off a cliff, a handful of companies with great ideas, money-saving products or ideas just too great (or cheap) not to fund can attract enough loot to keep their doors open and their servers warm.
In 2008, venture capitalists poured $28.3 billion into more than 3,800 companies. That was lower than in years past--about 8% less in dollars and 4% fewer deals, according to the National Venture Capital Association, PricewaterhouseCoopers and Thomson Reuters. Money got much tighter at the end of the year too, with investments down to a mere $5.4 billion, a 26% decline from the third quarter.
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