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VC Inflows Hit 21-Year Low
The Mercury News reports today that in 2002, the VC industry raised $1.9 billion in new capital (net of $5 billion returned), marking "the smallest inflow of venture capital since $1.6 billion flowed into the industry in 1981." This raise is down from $40.7 billion invested last year.
VC investors now are struggling to reverse an "unprecedented streak of losses." Notes one VC insider, "We are really at a standstill. I don't think you are going to see much money coming into the industry for three or four years."
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