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Investments

Aug. 20, 2011

Venture capital may dry up

A poorly performing Nasdaq, several postponements of initial public offerings and market volatility could break the streak of growth in venture-backed companies in Silicon Valley, according to a new survey released by Fenwick & West LLP.


By Robert Pierce


Daily Journal Staff Writer


PALO ALTO-A poorly performing Nasdaq, postponements of several initial public offerings and market volatility could break the streak of growth in venture-backed companies in Silicon Valley, according to a new survey released by Fenwick & West LLP.


"Unlike 10 years ago when the tech industry crashed, this is not about Silicon Valley," said Barry J. Kramer, a partner at Fenwick & West...

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