"Venture capitalists further slashed their investments in technology start-ups during the third quarter, and the spigot might only get tighter.
Venture firms invested [...] 27 percent less [during the third quarter] than the second quarter, according to a survey released Monday by Venture Economics, a VC data research firm. The drop-off parallels a national decline in VC investment as well.
"Venture capitalists are all saying: `This is the best time to invest,'" said Jesse Reyes, vice president at Venture Economics. "But if you look at these guys' portfolios, they're just not doing it," he said."
Venture funding down in Bay Area