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Established companies seeing the green: venture capital firms say they are putting their money on the safe bet.

Publication: San Diego Business Journal
Publication Date: 13-OCT-03
Format: Online - approximately 802 words
Delivery: Immediate Online Access
Full Article Title: Established companies seeing the green: venture capital firms say they are putting their money on the safe bet.(venture investments in 13 San Diego companies reach $99.5 mn)

Article Excerpt
While the capital markets continue to rise and more firms go public, the climate for Venture funding for many start-up technology companies remains frigid.

"It's a very difficult funding environment and it's gotten worse over the last three years," said Dante Fichera, president of Capital Hunter Inc., a locally based private equity research firm.

For the quarter ended Sept. 30, Capital Hunter reported venture investments into 13 San Diego companies totaling $99.5 million. That's down from the second quarter of this year when local firms attracted $176 million in venture funds.

Fichera said in the last quarter the biggest chunk of venture capital went into biotech and life-science companies as have been the case for most of the...

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