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Venture capital fund-raising, the rocket fuel for the nation’s entrepreneurial economy, slid to its lowest level in 15 years in the third quarter, when just 17 venture firms raised $1.5 billion, according to data released yesterday by the Thomson Reuters research firm.

By comparison, 63 venture capital firms raised $8.5 billion in the third quarter of last year, while 27 firms raised $1.9 billion in the second quarter of this year, the firm’s data showed.


Cautious investors cool to venture capital firms