Ben Horowitz

Thirty-five U.S. venture capital funds raised nearly $3 billion in the fourth quarter of 2010, according to a survey released this week by Thomson Reuters and the National Venture Capital Association (NVCA). This level marks a six percent decrease, by dollar commitments, compared to the third quarter of 2010. 

For full year 2010, 157 venture capital funds raised $12.3 billion, the fourth consecutive year of declines and the slowest annual period for venture capital fundraising since 2003.

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