It looks like more start-ups and expansion stage companies are going to have to bootstrap, rely on organic growth or seek funding from friends and family. Banks are curtailing lines of credit or raising interest rates to usurious levels. And now the New York Times reports that VC funding is way down. Green technology funding is particularly hard hit. Article synopsis:
Business / Economy
Venture Capital Investment Sinks
By CLAIRE CAIN MILLER
April 18, 2009
In the first quarter, only $3 billion was invested in 549 young companies, according to analysis by the National Venture Capital Association and PricewaterhouseCoopers.
http://www.nytimes.com/2009/04/18/business/economy/18venture.html
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