The INOV8 blog tracks the latest news and trends in technology and innovation throughout the world
Venture-capital funds are down for the second quarter of 2009. Big time. According to the National Venture Capital Association, VC funds are down 82 percent compared to the same period in 2008.
(Which just goes to show why organizations like Innovate Arkansas are so important in helping Arkansas startups locate funding sources.)
Capital is fleeing the sector, partly because there is less capital to go around, and partly because venture capital exits appear to be blocked. Although there was cause for hope during the quarter—which saw five venture-backed IPOs poke their heads above the water—the NCVA doesn’t expect venture funds to bring in major new infusions of capital until 2010.
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