Oct 15, 2007 04:45 PM
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San Francisco, 3:32 PM
Thu Mar 11
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The lifeblood of Silicon Valley may be drying up as the venture-capital machine slows down. Existing firms have raised a mere $21 billion this year to date, which means the industry is projected to come up up $5 billion short of 2006's year-end tally. The number of new VC firms, too, has dropped, a trend the National Venture Capital Association expects to continue. Perhaps investors have finally noted that, for this generation of startups, there's less need for venture capital than ever? (Photo by mistress_f)
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