FORTUNE -- Venture capitalists are still investing lots of money, according to third quarter data from the National Venture Capital Association, but there are signs they are getting a little more risk averse, cutting back steeply on seed deals and pursuing bigger investments.
For the third quarter, VCs invested $6.95 billion in 876 deals, down from $7.88 billion and 1,015 deals the previous quarter, according to the MoneyTree Report from the NVCA and PricewaterhouseCoopers. (Here's a direct download of the report via the NVCA site).
Still, that level of VC investment made for the second-best quarter over the past three years, back to just before the financial crisis erupted in October 2008. The activity level is still pretty good, considering the wild August in the stock market and the fact VCs will only raise about $15 billion in new money for 2011.
To read the full, original article click on this link: Venture capitalists become risk averse - The Term Sheet: Fortune's deals blog Term Sheet
