From statesman, January 26, 2009...
Venture capital investing in Austin ended the year with a thud in 2008.
A total of 13 companies raised $57.1 million in the fourth quarter, according to a survey by PricewaterhouseCoopers and the National Venture Capital Association. That's a 31 percent drop from the $83 million raised in the third quarter and a 78 percent drop from the $255.9 million raised in the same quarter a year ago.
For all of 2008, venture investment in Austin companies fell 48 percent to $340.2 million, which was invested in 64 deals. That compares with $658.8 million put into 79 deals in 2007.
The year's figures represent the lowest dollar amount and the fewest deals in Austin since 1998.
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