Friday Links: Venture's Bad Year

First round venture investments for startups in 2009 dropped to the lowest level since the industry started tracking them in 1995, Claire Cain Miller reports in the NY Times.

One of the few places where supply of credit outstrips demand right now is at peer-to-peer lender Lending Club, Reuters blogger Felix Salmon reports.

Do “shop local” movements lead to sustained sales increases? The results are mixed, the WSJ’s Diana Ransom reports.

Small business owners are preparing for another tough year, according to the latest survey by the National Small Business Association. Catherine Clifford reports at CNN Money.

And in this week’s issue of Bloomberg BusinessWeek, Tim Mullaney profiles VC Dick Kramlich, whose New Enterprise Associates just raised a monster $2.48 billion fund.

Before it's here, it's on the Bloomberg Terminal.