Industry reports reveal limited partners are unleashing less funding to venture capital firms and in turn VCs are pumping less cash into startups.
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Security startup snags funding in a tough market. But problems predate this recession as VC excitement for security has nosedived since 2000.
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$3.4B raised in the fourth quarter a 71% decline from 2007; some see a shakeout that would halve the industry.
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NVCA predicts that drought will slow new investments and fundraising in 2009.
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