Ante Up In A Down Market
The amount of venture capital invested in 2000 now stands at almost $80 billion. That’s a hefty increase from the nearly $60 billion invested in all of 1999. But last year saw phenomenal growth as well: total funding surged an average of 59 percent each quarter. This year, venture funding is holding relatively steady at about $26 billion per quarter, while returns are actually falling. “VCs are taking a breather,” says Jessie Reyes, vice president of Venture Economics....