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NVCA Reports 31% Drop in Venture Funding for Third Quarter

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

By Donald Zuhn -- On Friday, the National Venture Capital Association (NVCA), a trade association representing the U.S. venture capital industry, released the results of its MoneyTree Report on venture funding for the third quarter of 2010. The NVCA quarterly study, which the group conducts with PriceWaterhouseCoopers using data from Thomson Reuters, indicates that venture capitalists invested $4.8 billion in 780 deals during the third quarter, which constituted a 31% drop in dollars and a 19% drop in deals as compared with the second quarter of 2010. The NVCA noted that virtually every sector, including biotech, slowed during the third...

Full post as published by Patent Docs on October 18, 2010 (boomark / email).