Venture Capital Pulled Back on Tech Investments in 2009

Venture capitalists didn't find much to like in the tech sector in 2009, according to a report from PricewaterhouseCoopers and the National Venture Capital Association picked up by The New York Times. The data gathered for the report showed that venture capitalists invested $17.7 billion in 2,795 start-ups last year -- 37% less money and 30% fewer deals than in 2008. In fact, venture investing hit its lowest level since 1997.