Venture funding drops for startups

Venture Funding Drops for Youngest Companies As Older Ones Suck Up More Cash

But the amount of money invested in companies seeking their first round of venture investment fell 12 percent to $1.6 billion, down from $1.8 billion in the first quarter. Also, first-round financings fell to just 21 percent of all venture funding — the lowest percentage since the fourth quarter 2004.
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The top two deals of the quarter, valued at $132 million and $115 million, were investments in clean technology companies. Rising investment in that sector — which includes companies that deal with wind power, solar power and biofuels — plus an increase in funding for Internet companies helped keep venture investment figures