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Nov. 3 (Bloomberg) -- European venture capitalists may be wary of startup technology companies even after an economic recovery, according to the investment arm of Intel Corp., the world’s biggest computer-chip maker.

Venture funds stung by the recession are “moving away from the early stage” and toward less risky, later deals for young technology companies, Ashish Patel, Intel Capital managing director for Europe, the Middle East, and Africa, said in an interview in London. Intel Capital has about $2 billion under management.

Intel Says Venture Capitalists May Shun Startups After Recovery