Politicians and the press have been talking a lot in recent months about improving prospects for the U.S. manufacturing sector and those it employs. But among venture capitalists, software still rules the day, probably now more than ever.
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Certainly starting an Internet company is a lot cheaper than it used to be. And clearly entrepreneurs would prefer to hold on to as much equity as they can. But perhaps there are other drivers behind what might be called a recent mini-trend: Rather mature companies in a variety of sectors raising their first venture [...]