NEW YORK (AP) - A new study shows that funding for business startups declined in 2012, the first time that's happened in three years, as venture capitalists spent less money on fewer deals.
Capital intense sectors like clean technology and life sciences were among the hardest hit, according to the MoneyTree study released Friday. The study was conducted by PriceWaterHouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.
Startup investments fell 28 percent to $3.28 billion, compared with $4.57 billion a year earlier. There were 267 deals in all, a decline of more than 23 percent.
The trailing investments and declining number of deals continued into the final quarter.
San Francisco's SquareTrade Inc., which provides electronics warranties, snatched the biggest round of funding in 2012 _ $238 million.
'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
The “Silver Tsunami” created by aging Baby Boomers is hitting America. Let’s explore how we adjust to it, enjoy it and defy negative expectations about age.
A carefully guided tour through the confusing world of modern bookselling and publishing.
Reflections on raising families in a holistic way -- with a focus on nutrition and alternative health.
“Right Angles” explores serious subjects, such as the Islamization of the Middle East and delegitimization of Israel, with humor, candor and a twist.
Benghazi: The anatomy of a scandal
13 Photos
Vietnam Memorial adds four names
18 Photos
Cinco de Mayo on the Mall
11 Photos
