{"id":73,"date":"2010-07-12T11:33:17","date_gmt":"2010-07-12T15:33:17","guid":{"rendered":"http:\/\/sciencebusiness.technewslit.com\/?p=73"},"modified":"2010-07-12T11:33:17","modified_gmt":"2010-07-12T15:33:17","slug":"u-s-venture-capital-fundraising-drops-by-half","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=73","title":{"rendered":"U.S. Venture Capital Fundraising Drops by Half"},"content":{"rendered":"<p>In the second quarter of 2010, 38 venture capital (VC) firms in the U.S. raised $1.9 billion, a decline of 49% compared to the first quarter of 2010 and the lowest level of financial commitments since the third quarter of 2003. These results were reported in a <a href=\"http:\/\/www.nvca.org\/index.php?option=com_docman&amp;task=doc_download&amp;gid=624&amp;Itemid=93\">survey released today<\/a> by National Capital Venture Association and Thompson Reuters.<\/p>\n<p>Funds raised by VC firms have been dropping steadily in the past two years. In the second quarter of 2008, some 83 respondents reported raising $9.2 billion. In the second quarter of 2009, both the number of companies and funds raised shrunk considerably, with 36 firms raising nearly $4.4 billion. By the second quarter of 2010 &#8212; as reported in the current survey &#8212; the number of firms rose slightly to 38, but the amount of funds raised dropped even further to $1.9 billion.<\/p>\n<p>The 38 VC firms in the survey included 26 companies providing follow-on funds &#8212; investments in ongoing enterprises or later-stage  start-ups &#8212; and 12 firms offering funds for early-stage start-ups. According to the survey, the most funds raised during the second quarter of 2010 were by Venrock Associates VI, L.P. which raised $325 million and Polaris Venture Partners VI, L.P. which took in $213.8 million in fund commitments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the second quarter of 2010, 38 venture capital (VC) firms in the U.S. raised $1.9 billion, a decline of 49% compared to the first quarter of 2010 and the lowest level of financial commitments since the third quarter of 2003. These results were reported in a survey released today by National Capital Venture Association [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[129,19],"class_list":["post-73","post","type-post","status-publish","format-standard","hentry","category-finance","tag-statistics","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/73","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73"}],"version-history":[{"count":2,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/73\/revisions"}],"predecessor-version":[{"id":75,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=\/wp\/v2\/posts\/73\/revisions\/75"}],"wp:attachment":[{"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewslit.com\/sciencebusiness\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}