Mutual fund funds are backing Silicon Valley startups at a record clip, and while investors in these funds should be alert to the risks, this is a development that the venture industry looked to encourage five years ago.
Four mutual-fund firms alone — BlackRock, Fidelity Investments, Janus Capital Group and T. Rowe Price Group — have backed 13 private companies so far this year after doing 16 such deals last year, The Wall Street Journal reports. They did nine in 2012 and six in 2011, WSJ said, citing data from CB Insights, which tracks venture capital investments.
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To read the original article: Rise in Mutual Fund VC Deals? Venture Industry Asked For It - Venture Capital Dispatch - WSJ
