A report carried out by VentureSource shows how the venture capital investments in IT companies went down by 40 percent in the fourth quarter – making it the worst decline in a decade. IT venture capital shows a plunge of $2.18 billion in Q4. Whereas software companies which the biggest part of IT venture investments saw funding falling to $4.73 billion.
Venture investments in communications and networking-related startups fell to $1.68 billion in 2008, and Web-related information services saw a drop to $513.2 million, in Q4.
