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Venture capitalist dollars drop in 2012

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TWC News: Venture capitalist dollars drop in 2012
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One of the main indicators of a city’s growth and potential growth is venture capital investments.

Austin Business Journal Editor Colin Pope said there was a slight drop in the big time money this year—venture-backed companies dropped 8 percent in 2012 compared to 2011.

It’s a figure that was consistent nationwide, but the Capital City did not see as much of a drop as other cities in the country.

Pope said expect to see the numbers head back up in 2013, especially as software and mobile device technology continues to boom.

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