Graph of the Day: VC sector still hurting

Over at the Financial Times, David Gelles asserts that report of recovery in the venture capital market may be over-blown. He argues the uptick reported in the second quarter of this year was merely a seasonal fluctuation, and that the third quarter showed a substantial drop:

Investments in US venture-backed companies dropped in the third quarter, putting 2009 on track to be the worst year since 2003, according to new data from Dow Jones VentureSource. The total number of deals was up to 616, from 595 the previous quarter. But the total dollars invested was down to $5.1bn from $5.4bn.

The full story is here.
Technorati Tags: economy, innovation