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VCs Reap What They Sow

Posted on July 01, 2008

There s grim data out today from two sources that track venture capital exits, both of whom noted that not a single venture-backed company went public in the second quarter of 2008. This is a grim news indeed, but not surprising.What s worse is that M&A activity is down by almost half, median deal prices have dropped to $21.3 million in the latest three-month period from $22 million in the second quarter of 2007 and the median age of companies being sold is 6.9 years, according to Dow Jones data. In other words, large tech firms aren t just shopping for startups, they re bargain hunt...

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data , startup , tech , venture capital