Thursday, May 14, 2009

DataByte: VC Funding Down 50% | Startup Funding Down 62%

According to Dow Jones VentureWire VC funding fell through the floor in Q1 2009...dropping to $3.9bil from $7.8bil in the year ago quarter (the lowest quarterly figure since 1998). Perhaps even more relevant and alarming for the mobile entertainment sector is that quarterly seed & first round funding fell even more $682mil from $1.8bil.

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