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Industry News VC Investments Down
The overall figure is still within “historical norms,” but going forward’s another matter
By: Maureen O'Gara
Oct. 28, 2008 03:51 PM
Biotechs (up 21%) led followed by software, energy (up 17%), medical gear and media firms. There are scant IPOs these days, it's reportedly harder to get bought - acquisitions were off 43% in Q3 - and more of the money is going into later-stage start-ups. First rounds fell to $1.5 billion from $1.7 million and early-stage funding went from $1.8 billion to $1.7 billion. The overall figure is still within "historical norms," but going forward's another matter, likely to mean penny-pinching.
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