Matt Marshall reports that the second quarter was the lightest investment period by VC’s in the last four years.
Overall, venture capitalists pumped $1.974 billion into Bay Area start-ups last quarter, down 5.1 percent from $2.081 billion during the first three months of the year, according to a survey to be released today by the accounting firm PricewaterhouseCoopers, Venture Economics and the National Venture Capital Association. The Bay Area’s slip was less than the national average, according to the MoneyTree Survey. Nationwide, venture spending fell 11 percent from the previous quarter, to $5.7 billion.