Venture capital still at a trickle

Funds with track records able to raise money

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

Only 40 venture capital funds raised money in the first quarter of 2009 — the smallest number since the third quarter of 2003.

But the $4.3 billion raised by those firms represented a 23 percent increase from the last quarter of 2008, according to Thomon Reuters and the National Venture Capital Association.