According to CNet, The difficult economic situation world-wide has affected man industries, including the funding and venture capitalist fields. While venture capitalists are still willing to fund new companies, they are faced will less opportunities to do so.

Venture capitalists are becoming more interested in the small details and financial numbers, with the growing risks of an unstable economy. However, venture capital is still an attractive investment opportunity. As Dave McMurtry, CEO of Web 2.0 company Loomia said recently: “There’s a lot of money out there. But the requirements to raise money have become more strict…” “For the past few quarters, venture has been heavily concentrated on Web 2.0 and Internet investments…” To read the full article click here.