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Other Tech News The latest community based technology news from across the globe. (If you aren't a community newsposter then use the "Submit News" section.)

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Old Apr 3, 2008, 06:58 PM   #1
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VCs prepping for a souring economy

In a contracting U.S. economy, venture capitalists are in the somewhat awkward position of sitting on billions of investment dollars with fewer opportunities to strike it rich. The question is whether VCs will hold tighter to their purse strings.

In the next two weeks, researchers will issue numbers on how much VCs invested in the first quarter of 2008, which ended March 31. Early projections of financing deals suggest that venture activity isn't waning--at least in the first quarter.
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Source: Tech-Ex
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