Venture Funds Still Spending Big in China
Filed in archive Venture Capital by Greg Cruey on November 26, 2008
From Ken Schachter's report:
Venture capitalists poured $964 million into 59 funding deals in China in the third quarter, breaking the yearly record set in 2001, according to a new study.While VC funds are still spending what they have on hand at an amazing rate, Schachter's Red Herring article points out a recent report by Zero2IPO showing VC fund raising down. Way down.
Through three quarters, venture capitalists pumped $3.29 billion into Chinese companies, smashing the full-year record of $2.88 billion set seven years earlier, Dow Jones VentureSource reported.
So if that trend continues, the VC people will eventually run out of money to spend - regardless of their own optimism...

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