Can Venture Capital Come in from the Cold?

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These days, many venture capitalists resemble mice, afraid to invest in the rough economy. But a few firms remain upbeat and aggressive, ready to pounce like a tiger.

One is Allegis Capital, a 12-year-old Silicon Valley VC firm that's smelling opportunity amid a fearful market. Allegis doesn't have a marquee name, but it's put together one of the most impressive track records of any venture firm in recent memory.