Summary
Venture funding activity in Los Angeles during the second quarter
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Extract
L.A. Venture Action Falls Amid Gloom.
Mirroring a national trend, venture funding for Los Angeles-area companies plummeted to $198.6 million in the second quarter, an 82.5 percent. decline from, the like quarter a year ago, according to Thomson Financial/Venture Economics, a New York-based research firm.
The drop was even more precipitous than the 61 percent national collapse, and the 66 percent Bay Area crash. Just 21 L.A. companies received funding during the. quarter ended June 30; down from 68 in the year-earlier quarter. The collapse is largely attributed to entrepreneurs' short-term...See the full content of this document
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