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August 27, 2008
Euro Venture Investing Declines
Venture capital firms in Europe invested in 167 young companies in the second quarter, 42% fewer than in the period last year. Venture dollars invested declined 35%, to $1.3B. The quarter was the worst since at least 2000, when VentureSource started tracking European data.
But yes there are optimists. Mark Tluszcz, co-founder of Mangrove Capital Partners, told the New York Times "The slowdown was a short-term phenomenon. “As I look for deals and talk to people, I have never seen a time in Europe when there are so many good, young companies being started,” he said. “I’m not overly worried.”
Read - Europeans Retreat on Venture Investing
Posted on August 27, 2008 07:14 AM | Posted to Venture Capital | Permalink
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