Feeling financial squeeze, VCs curtail investments
Monday, October 20, 2008 - 11:42
in Psychology & Sociology
(AP) -- As it becomes increasingly difficult to cash out of their previous investments, venture capitalists are gradually closing their financial spigots in what could be the start of a long, dry spell for entrepreneurs. Although a drought hasn't set in yet, it's looking inevitable as the ripple effects of a worldwide financial crisis rattle venture capitalists.