V Cs: Still Optimistic
Some shakeout. When technology stocks took a dive earlier this year, many expected to see a similar swoon in venture-capital investments. In fact, VCs are as optimistic as ever. Entrepreneurs received a record $19.6 billion in the second quarter, up from $17.1 billion in the first quarter, according to PricewaterhouseCoopers. More than 90% of those funds went into tech startups. One explanation for the increase: With the initial public offering window closed, many companies returned to VCs rather than go public.