By Kate Hanaghan, 14 August 2001 10:49
NEWS US venture capital investment in high-tech start-ups has plunged by a staggering 66 per cent over the last year. In the second quarter of 2000, $24bn was invested in small tech companies; for the same period this year that figure has dropped to $8bn, raising concerns that new technologies will never see the light of day. The MoneyTree Survey by PricewaterhouseCoopers and VentureOne found that other investors, such as business angels and corporates, have also reduced their investment in start-ups. The results of the survey reflect ongoing reluctance from investors to pump money in high-tech companies.
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