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How to win the venture capital game: Apexon, Adexa prove their worth to skeptical investors. (News at the front).

Publication: MSI
Publication Date: 01-OCT-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
When the Internet bubble burst, the steady stream of venture capital that was the main source of funding for many new high-tech companies was said to have dried up as well. In reality, venture capitalists are still investing in young high-tech firms. But the amount they are investing has declined significantly, and they are much more selective about the companies they choose to back.

Venture capital investments totaled $5.7 billion in the second quarter of 2002, according to a PricewaterhouseCoopers survey. That represents an 11-percent decrease from the previous quarter, but Tracy Lefteroff, global managing partner of the venture capital practice of Pricewaterhouse Coopers, says venture funding actually is returning to normal levels.

"Total investments for 2002...

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