"U.S. venture capital investments fell 61 percent to $3 billion in the first quarter, the lowest level in 12 years, as the financial crisis chased away funding for technology and clean-energy deals.
Funding of clean technology -- coming off a surge of investments in 2007 and 2008 -- plunged 87 percent, the National Venture Capital Association said today. Total venture investments dropped 47 percent from the previous three months.
The freeze in initial public offerings kept startups from getting funding because investors weren’t sure how they would earn a return,"
Saturday, April 18, 2009
Venture Capital Investments Plunge 61% Amid Frozen IPO Market - Bloomberg.com: