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VC Funding Is Drying Up for Media Startups

Even as funding rounds hit 4-year low, some VCs remain bullish. ‘The media landscape is being transformed,’ says Eric Hippeau

As venture capitalists exercise more caution and place fewer bets, they’re leaving media startups behind.

Venture funding to media-tech companies slid for the third consecutive quarter to $91.7 million, the lowest amount since mid-2013, according to data from industry researcher CB Insights. Investment activity followed a similar trend, declining to the fewest number of deals since the second quarter of 2012.