The venture capital market worldwide has just gotten more competitive as investors try to outdo each other in backing high-potential startups, particularly those outside the US, VentureBeat reported.
Figures from financial services company Ernst & Young showed that last year, venture capital investment worldwide went up 2% to $48.5 billion when seen side by side to the previous year's figures. There was also an improvement in the economic conditions in many markets around the world as liquidity levels and investor confidence increased, the report said.
image: http://www.freedigitalphotos.net
