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Venture-capital firms remain on the prowl for new businesses, but it's more of a stroll than a hunt.

Venture-capital investing fell to $3.7 billion in the second quarter, down more than 50% from $7.6 billion in the year-ago period, according to the latest MoneyTree Report from PricewaterhouseCoopers. Although that second-quarter sum represented a 15% jump over the prior quarter, the number of deals remained flat at 603, PwC said.

WSJ: Six Ways to Land Venture Funding