SAN FRANCISCO, Oct 9 (Reuters) - Disappointed investors who threatened to abandon venture capital have carried through, sending the number of new funds tumbling and signaling a smaller industry with fewer venture capitalists.
In the first three quarters of this year, only 86 U.S. funds raised money, according to data compiled by the Venture Capital Journal and the National Venture Capital Association
It the trend is maintained, by year's end there will be somewhere between 104 and 118 new funds.
Investments in US Capital Funds Plunge
