1Q VC investments down significantly - bizjournals:

http://rhythmafrique.com/2006/12/08/playlist-120806-host-mikey-kanner/
million in the first quarter as investors continued to sit on the sidelines and wait for economicv conditionsto improve. The consumer servicesz and energy sectors each landefone deal, according to the Quarterly Venture Capital Reportg released by Dow Jones VentureOne and . That’s down from five deals worth a totalof $67.6 million durinb the same period in 2008. Kevin a partner in Ernst Young’s Phoenix office, said the poor Arizonaa numbers reflect anational trend, as VC monehy has dried up and the initial public offerinf market for venture-backed firms is virtuall y nonexistent. “I would expecf VC funding to recover as the economy McHolland said.
Nationally, venture capitalists generated $3.2 billion in the firs quarter through mergers or acquisition of 68portfolio companies, representing a 65 percenty drop from the $9.1 billion in liquiditgy generated in the first quarter of 2008 and the lowesgt quarterly total since 2003. The largest deals in the countr were focused in biopharmaceuticals andmedical devices.