Michael Arrington’s controversial CrunchFund got the most press in Q3, but it didn’t break into the top five largest first-time VC funds raised during the period. In what was a weak quarter for overall VC fundraising, CrunchFund was one of 19 newbie that funds raised a combined $300 million, the lowest quarterly amount raised since [...]
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Q3 certainly wasn’t a pretty quarter for venture fundraising. In fact, it was downright ugly, with just $1.72 billion raised by 52 U.S.-based venture funds, the smallest amount raised since Q3 2003, according to the National Venture Capital Association and Thomson Reuters (publisher of peHUB). In contrast, 49 U.S.-based VC funds raised nearly $2.9 billion in [...]