Thursday, November 7, 2013
and Venture Capitalists
So says a recent study by Thomson Reuters and the National Venture Capital Association (NVCA), as reported in a recent issue of Processor Magazine.
During the second quarter of 2013, start-up companies raised $2.9(US) billion dollars, down 33% from the first quarter of the year, and down 54% from the Q2 2012 figure.
The report quotes NVCA president Mark Heesen: "Many long-standing, pedigree venture firms are heeding the guidance from limited partners and raising smaller, more agile funds." And that means less venture capital funding available for microISVs who want to grow their software development firms using an infusion of outside money.